UK-based LHV Bank has recently joined the RT1 platform, a pan-European real-time gross settlement payment system.

By becoming a direct participant, LHV Bank will be able to process SEPA Instant Credit Transfers (SCT Inst) in real time. Unlike other UK institutions that access EUR payments via indirect participation through the RT1 scheme and are limited to serving end users without providing payment solutions to other institutions, LHV Bank can avoid these constraints. Its integration with the SCT scheme allows for a more straightforward connection within the SEPA environment.

Enhancing Cross-Border Payments Capabilities

This move reflects LHV Bank’s commitment to improving its cross-border payment capabilities and providing more cost-effective and efficient services. By eliminating the need for correspondent banking relationships or third-party intermediaries, the bank can better serve both its clients and partners.

The participation in the RT1 scheme will also help LHV Bank contribute to the next generation of cross-border payments and strengthen its position as a partner for fintechs and internationally focused businesses.

LHV Bank remains dedicated to developing its solutions to meet evolving client and partner needs while adhering to European and global industry standards, laws, and regulatory requirements.

This development follows a series of recent advancements for LHV Bank, including the launch of retail banking services in the UK market in May 2025. Additionally, the bank has partnered with Salt Edge and Tuum to enhance access to Open Banking features across Europe while integrating with an API-first and modular core banking platform.