Sparkasse Bank Malta plc launched new services on 5th October 2025, designed to make banking faster, safer, and more convenient.

Instant Payments – Money, where it’s needed, in seconds

Customers are now able to send and receive SEPA Instant Payments – euro transfers across the SEPA region that are:
 
  • Fast – completed in under 10 seconds, even across borders.
  • Always available – 24 hours a day, 365 days a year.
  • Seamless – executed directly through the Online Banking Portal or via bulk uploads.
  • Empowering – immediate access to funds supports better cash flow for businesses and convenience for individuals.
Instant Payments transform money movement by enabling real-time financial management, boosting efficiency, and ensuring funds are available when needed most.

Verification of Payee (VoP) for safer payments, greater peace of mind

Alongside Instant Payments, Sparkasse Bank Malta plc also launched the Verification of Payee (VoP) service. This free security feature checks whether the IBAN and name of the recipient match before a payment is authorised.

Verification of Payee (VoP) will:
 
  • Help reduce fraud and misdirected payments.
  • Provide real-time confirmation for added confidence.
  • Be automatically applied to both standard SEPA transfers and Instant Payments (with optional settings for bulk payments).
With these services, Sparkasse Bank Malta plc has aligned with the EU’s Instant Payments Regulation while delivering cutting-edge payment solutions. 

Instant Payments give customers greater control over their money, while Verification of Payee (VoP), enhances security with an added layer of trust.