LHV UK: Joins TIPS to improve access to instant Euro payments
- LHV UK, a leading banking services provider to over 200 fintech companies
- Joined the TARGET Instant Payment Settlement (TIPS) system to improve access to real-time Euro payments
- Despite the Single Euro Payment Area (SEPA) Instant scheme launching in 2017
- TIPS is a market infrastructure service launched by the Eurosystem in November 2018
- The founding member and leader in instant SEPA payments, processing 7% of the transactions in Europe
- The scheme processes the payments in seconds, regardless of the time or day throughout the year
