Pivdenny bank has started accepting incoming instant payments

From 16 June 2024, Pivdenny Bank began accepting incoming instant payments in accordance with the requirements of the National Bank of Ukraine and the new ISO 20022 payment standard (SEP-4.1).

Instant payments will allow bank clients – both individuals and legal entities – receiving funds as quickly as possible, as the actual transfer time is up to 10 seconds.

Thanks to instant payments, money will be transferred to the recipient’s account almost immediately after sending, without waiting for the next banking day or several hours.

The bank is currently working on the ability to send instant transfers. We will announce the implementation separately.