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In The Netherlands, over 90% of all domestic payments initiated by “regular people” are SEPA Instant Payments, meaning booked on the other persons account no ma
by leokennis 5y ago
In The Netherlands, over 90% of all domestic payments initiated by “regular people” are SEPA Instant Payments, meaning booked on the other persons account no matter their bank within 5 seconds.
They’re free to send and receive.
Source: I worked on implementing Instant Payments at the biggest Dutch bank.
- Tijdreiziger 5y agoWait, so direct debit and iDEAL together account for less than 10% of consumer payments? That's shockingly low.
- leokennis 5y agoNo, SDD is a lot of the total transaction volume. Everyone has a mortgage, phone plan, energy contract etc. and that is all SDD. iDeal is of course the default for webshops, it’s big too. But the 90% I referred to are “person to person” payments.
- Tijdreiziger 5y agoAh, that makes more sense. I'm still a bit surprised that iDEAL payment requests ('Tikkie') account for less than 10%.