It represents only 3% of all transfers made in France, compared to 10% in the rest of Europe.
The Banque de France on Tuesday encouraged individuals and professionals to make more use of instant transfers, while France is suffering from “a little delayin this area compared to its European neighbours. Despite a very significant increase in the number of instant transfers, these represent only 3% of total transfers in France, against 10% in Europe, lamented during a presentation to the press Julien Lasalle, secretary of the National Committee of non-cash payments (CNPS), a consultation body chaired by the Banque de France and which brings together representatives of the payments sector.
Faced with this “little delay», which it attributes in particular to a lack of notoriety, the CNPS is launching a communication campaign aimed at individuals and professionals to make this tool better known. Instant transfers, offered by some banks as an alternative to conventional transfers, are made, when the debtor’s bank and the creditor’s bank allow it, in less than 10 seconds whatever the time and day of the year.
An effective tool for selling between individuals
A classic transfer usually takes a day. In certain special cases, such as a weekend followed or preceded by a public holiday, it may exceed 72 hours.
Beyond reimbursements between relatives, the instant transfer can be particularly useful in the context of a sale between individuals, to pay a craftsman more quickly or to pay a supplier, defended Alexandra Madeline, secretary of the working group on the instant transfer. Faced with the cost of this type of transfer, which several banking institutions charge, the committee recalled the existence of the Paylib interbank system, which is completely free.
Another advantage of the instant transfer: fraud is lower there than for the bank card or the check, two other means of daily payment, specified Julien Lasalle. On the other hand, it remains higher than that observed for all transfers, but this is explained by the fact that the vast majority of salaries are paid by traditional transfer, which automatically lowers the fraud rate. At the beginning of April, the Banque Postale had announced the generalization of the instantaneous transfer free of charge, after Crédit Mutuel and Boursorama.