Modulr is launching SEPA Instant to improve real-time business payments in Europe.
In Brief:
Embedded payments business Modulr has announced a new real-time Euro payments service.
It will be based on the 24/7 European SEPA Instant Scheme.
It will enable funds to be settled for businesses in 10 seconds, all day every day.
What does this mean?
With this new embedded offering, Modulr’s business customers will be able to launch their own real-time payment services in Euros using an API. This avoids having to wait for next-day settlement of funds.
