Do you remember what it was like in the UK before Faster Payments arrived?

Issue 728: 27 June 2025

Do you remember what it was like in the UK before Faster Payments arrived?

I do.

Sending money between banks felt like posting a cheque by email — slow and totally disconnected from how fast everything else had become.

Then in 2008, Faster Payments arrived.

Suddenly, people could move money in seconds.

It changed how we paid our rent, split bills, ran payroll — its clear that for payments Faster Payments changed everything.

Once you get used to real-time money, there’s no going back.

Now — Europe is getting its own version of that transformation.

It’s called SEPA Instant Credit Transfer, and it’s a game-changer for Euro denomiated payments.

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