A new era of instant links in Latvia's interbank payments

  • 2020-03-25
  • LB/TBT Staff
Last week, interbank payments between credit institution customers by means of instant links – a convenient identifier that enables to make a transfer by using a mobile phone number – were launched in Latvia. This has become possible after AS SEB banka joined the Proxy Registry "Instant Links" maintained by Latvijas Banka. Thus, instant payments between AS Citadele banka, which was the first to offer its customers an option to use instant links, and AS SEB banka can be executed without using the payee's current account number: the process is simp...
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