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A comment on Brazil central bank to launch Pix installment feature in September. Parent comment

Re:Brazil central bank to launch Pix installment feature in ... by weberer on Friday July 25, 2025 @05:13PM (#44688545)
I have never seen a store offering any payment method called "SEPA". After reading up on it, it just looks like some protocol to do bank transfers between countries, and it requires exchanging IBAN numbers. I do pay rent and some bills via direct bank transfer, but that's it. Its nothing like this Brazilian payment alternative.
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Re:Brazil central bank to launch Pix installment feature in ... by SideburnsOfDoom on Saturday July 26, 2025 @04:32AM (#44692438)
Yes, that's correct it's a protocol, it's under the hood. You won't see a SEPA Branding (or "Faster Payments" in the UK).

It's for bank transfers between accounts, which could be in the same country, or not. If you do a bank transfer of e.g. a 3-digit sum, and it arrives the same day, that's SEPA. If it's in a few seconds, that's SEPA Instant (1).

The grandparent post about "these capabilities" - specifically in comparison to the US FedNow -seems to cover more than just point-of-sale, right? Although that is mentioned in the SEPA Instant use cases.

1) https://www.europeanpaymentscouncil.eu/what-we-do/sepa-insta...

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