[Atropos]

You are correct, the technology for 24/7 SEPA instant transfers is there, but they are just ~ 10% of all SEPA transfers right now and - crucially - are not free yet: https://www.europeanpaymentscouncil.eu/what-we-do/sepa-insta...

Free instant transfers are the direction of travel, but in the EU, that is a question of regulation, not technology. Maybe in 2030 we will be there :)

But for many transactions, I see that instant would be nicer, but I don't see the crucial need. My employer pays all Eurozone salaries from a bank account in Luxembourg, I imagine it is just a script checking "Initiate transfers on 10 AM, 1 day before last working day of month". Being able to do "Initiate transfers on 23.59 PM of last working day of month" would be slightly nicer, but I don't think it really solves a huge pain point?