Observed Signal · Sep 24, 2026 · Technical Release · Source: PR Newswire: Advertising & Marketing · Impact: 2/5 · Sentiment: Positive
Xryma Plc Goes Live on ECB T2 Real-Time Gross Settlement Network
Xryma Plc, a Cyprus-based banktech group, has announced it is now operational on the European Central Bank's (ECB) T2 real-time gross settlement (RTGS) network. This enables Xryma to offer near-instant cross-border euro payments to its clients under its own BIC code (ISEMCY22XXX). The company claims to be among the first non-bank payment service providers (PSPs) to gain direct access to the T2 system. Its solution distributes traffic between the central banks of Lithuania and Latvia, avoiding a single-path approach. This move promises to significantly reduce settlement times from the traditional three to five business days of SWIFT correspondent banking to under 40 seconds on business days. Xryma also plans to expand its services to flykk® customers and has adopted the TIPS system for SEPA instant payments. The ECB's planned 24/7 operation of T2 will further enhance capabilities.
Relevant to financial technology infrastructure but not directly to AdTech/MarTech. The article is about a banktech company's technical launch on EU payment infrastructure.
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Key Takeaways & Evidence Grounding
- Xryma Plc is now operational on the ECB's T2 RTGS network, settling cross-border euro payments in near real-time.
- The company is among the first non-bank PSPs to gain direct access to the T2 system.
- Xryma's solution distributes traffic between the central banks of Lithuania and Latvia to optimize throughput.
- Clients of Xryma's ISX Money service can now make euro transfers in under 40 seconds on business days.
- The ECB plans to extend T2 operations to a 24/7 service.
Ontology Mapping & Concepts
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