The BBVA launched a new service that allows financial institutions outside Europe to send payments to Spain in a matter of seconds, at any time and any day of the year.
The service significantly enhances the efficiency of sending banks, while allowing recipients to access funds immediately, helping businesses optimize treasury management and offer retail customers with a seamless experience.
BBVA is now processing incoming payment orders in Spain in real time under BBVA Directa service.
The service operates 24/7/365 without cutting times. Payments are performed in a matter of seconds and can be detected from end to end via the Swift GPI tracker. The issuance of the banks maintains complete flexibility, deciding which payments they will launch through instant rail, allowing them to optimize both liquidity and cost.
It is important that no additional technical developments are required: BBVA Maps Incoming orders to the OCT Inst standard and install them immediately. Beneficiaries receive funds directly, enhancing cash and reconciliation processes and improving the overall experience of customers.