APS Bank today announces that, from 9 October 2025, all retail and corporate customers will be able to send instant euro payments across the European Economic Area – settling in just 10 seconds. This aligns with the EU’s Instant Payments Regulation (IPR), which mandates that all Payment Service Providers in the SEPA Instant Credit Transfer scheme must support instant outgoing payments.
In addition, the Bank is introducing Verification of Payee (VoP): a fraud protection service that allows senders to check the beneficiary’s name against the IBAN provided. The result helps reduce misdirected or fraudulent payments.
Edward Calleja, Chief Operations Officer, said: “Instant payments will make everyday transactions faster and more convenient, while Verification of Payee adds an extra safeguard against errors and fraud. At APS Bank, we are committed to bringing forward changes that make banking simpler and safer for everyone.”
APS Bank plc is regulated by the Malta Financial Services Authority as a Credit Institution under the Banking Act 1994 and to carry out Investment Services activities under the Investment Services Act 1994. The Bank is also registered as a Tied Insurance Intermediary under the Insurance Distribution Act 2018.
