Website of the European Payments Council

Contributing to the future of payments in Europe

The EPC focuses on the harmonisation of electronic methods of payments in SEPA

Document Library

Find the payment scheme rulebooks, implementation guidelines, clarification papers and other technical documents.

SEPA INSTANT CREDIT TRANSFER SCHEME

0 payment service providers
have already joined the scheme:
0% of European PSPs.

ESTIMATED SHARE OF SCT INST VOLUMES IN
TOTAL CT* VOLUMES

* SCT + SCT Inst.
SPAIN NUMBER NORWAY NUMBER FINLAND NUMBER ESTONIA NUMBER SWEDEN NUMBER LATVIA NUMBER BELARUS NUMBER LITHUANIA NUMBER GERMANY NUMBER POLAND NUMBER ICELAND NUMBER DENMARK NUMBER UNITED KINGDOM NUMBER IRELAND NUMBER NETHERLANDS NUMBER SWITZERLAND NUMBER LUXEMBOURG NUMBER BELGIUM NUMBER SPAIN NUMBER PORTUGAL NUMBER FRANCE NUMBER LICHTENSTEIN NUMBER ITALY NUMBER UKRAINE NUMBER SAN MARINO NUMBER MONACO NUMBER MOLDOVA NUMBER TURKEY NUMBER ROMANIA NUMBER BULGARIA NUMBER GREECE NUMBER BOSNIA AND HERZEGOVINIA NUMBER SERBIA NUMBER HUNGARY NUMBER SLOVAKIA NUMBER SLOVENIA NUMBER CROATIA NUMBER AUSTRIA NUMBER CZECHIA NUMBER MALTA NUMBER CYPRUS NUMBER VATICAN NUMBER ANDORRA NUMBER
from
12
COUNTRIES
*The SCT Inst scheme generally counts PSPs with the most significant electronic payment volumes in their countries among its participants.


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We harmonise payments in Europe

We help make it possible for citizens and businesses to pay with the same ease and convenience across the Single Euro Payments Area ( ) as in their home country. We design and manage the payment schemes, which are the rules underlying most of the euro credit transfers and direct debits in Europe. We represent payment service providers ( ) on all European payment issues and contribute to shaping the future European payments landscape.


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4,000+ scheme participants

must formally adhere to the schemes in order to offer their customers the ease and convenience of transactions.

Become a scheme participant and consult the Register

520+
million citizens

139
billion electronic payments per year

36
European countries

About

(Single Euro Payments Area) is a European Union payments integration initiative to harmonise electronic euro payments in Europe. Thanks to this project, citizens and companies can use the same payment instruments – in particular, credit transfers, direct debits and cards – when making euro transactions across Europe as when paying in euros in their home country. The supports and promotes , which is driven by European institutions.

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Featured

Get ready for the Instant Credit Transfer scheme

The Instant Credit Transfer ( Inst) scheme is effective since November 2017; it will significantly change payments as we know them.

How to participate?

All are encouraged to adhere rapidly to the Inst scheme via the website as receivers of transactions and / or payers in order to give it momentum and meet customer needs.

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POLL

When do you believe that electronic identification (eID) will play a critical role in customer identification and authentication for payments in Europe?

  • Already now (32%)
  • Within 2 years (28%)
  • Within 2-5 years (24%)
  • Within 5-10 years (6%)
  • Beyond 10 years (5%)
  • Never (5%)

News and Insights

Insight

03 September 19

Electronic invoicing- gathering pace

*The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. This article is one of an occasional series updating the European Payments Council (EPC) community on developments in e-invoicing, an important adjacent space to the world...

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News

28 August 19

Extension of public consultation on draft Mobile Initiated SEPA Credit Transfer Interoperability Implementation Guidelines (including SCT Inst) till 16 September 2019

Developed by the ad-hoc multi-stakeholder group (MSG) on Mobile Initiated SEPA Credit Transfers (MSCT), including SEPA Instant Credit transfers (SCT Inst) (MSG MSCT), the draft MSCT Interoperability Implementation Guidelines (IIGs) (including SCT Inst) were subject to a public consultation which is now...

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