Immediate transfers between banks available in Portugal
SIBS Instant Payments solution is the platform that allows immediate transfers in Portugal, by financial institutions to its clients, through several channels. Portugal thus marks its entry to the Instant Payments European scheme, integrating the 26% of Payment Service Providers of 17 countries that have joined the Scheme. It is one of the first markets in the SEPA zone with the service already available and it was developed by SIBS in record time.
SIBS became one of the first European processors compatible with the new European scheme, contributing once again to the growth of electronic payments in Portugal and Europe, consolidating Portugal leading position.