Luxembourg Banking Innovation: SEB Unveils Real-Time Payment Capability Through Strategic Collaboration

Luxembourg Banking Innovation: SEB Unveils Real-Time Payment Capability Through Strategic Collaboration

(IN BRIEF) SEB’s Luxembourg branch has launched SEPA instant payments for its private banking clients, allowing them to receive money in real time. This service, which supports transactions up to 100,000 Euros within the Single Euro Payments Area, was developed in partnership with a leading local bank. SEB has worked in close cooperation with Banque Internationale à Luxembourg (BIL), Luxhub, and valantic FSA to ensure that the service meets the latest EU regulatory standards. Jessica Krumbholz, the Head of Cash & Securities Services, emphasized that this milestone not only enhances customer convenience but also sets a new benchmark for instant payments in the Luxembourg market.

(PRESS RELEASE) STOCKHOLM, 21-Mar-2025 — /EuropaWire/ — Skandinaviska Enskilda Banken AB (SEB) (STO: SEB-A), a Swedish financial group leader on the Nordic market, announces that its Luxembourg branch is proud to announce that its private banking clients now have access to SEPA instant payments, a service that enables them to receive funds instantly. This new offering is delivered in partnership with a prominent local bank, marking a significant advancement in the region’s banking capabilities. SEPA instant payments, part of the Single Euro Payments Area framework, permits the real-time transfer of sums up to 100,000 Euros between accounts in any of the participating nations.

In a recent statement, Jessica Krumbholz, Head of Cash & Securities Services at SEB’s Luxembourg branch, highlighted the bank’s ongoing efforts to align its payment services with the latest EU regulatory standards. “Achieving this milestone means that our customers can now benefit from the immediacy and convenience of real-time transactions,” Krumbholz remarked.

To bring this service to fruition, SEB’s team collaborated closely with several key partners, including Banque Internationale à Luxembourg (BIL), the connectivity provider Luxhub, and transaction automation specialist valantic FSA. BIL, a systemic bank in Luxembourg, played a crucial role by facilitating SEB’s indirect access to the market infrastructure for instant payments. Through this collaboration, the combined expertise of the partners is expected to set a new standard for instant payments in Luxembourg, ensuring that clients receive a seamless and efficient service.

Media contact:
press hotline: +4687639110 or e-mail: press@seb.se

SOURCE:  Skandinaviska Enskilda Banken AB