RB

Contributing to the future of payments in Europe

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

Covid-19

In spite of these exceptional circumstances the remains fully operational by phone (+32 2 733 35 33) and by e-mail (secretariat@epc-cep.eu) to help and address any question from or handle any matter raised by the payment scheme participants, scheme applicants and payment end-users about the payment scheme schemes, e.g. scheme adherence, complaint handling, Major Incident Reporting and any other payment-related matter.

News

28 May 20

Technical interoperability of MSCTs based on payee-presented data

Following the publication of the “Mobile Initiated Single Euro Payments Area (SEPA) (Instant) Credit Transfer Interoperability Guidance” (MSCT IG) document, the ad-hoc multi-stakeholder group on MSCTs has conducted, through a newly established dedicated work-stream, a more detailed analysis on the technical...

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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
*SCT Inst scheme largely enumerates those having the most significant volumes in their countries.


Featured

Get ready for the Instant Credit Transfer scheme

The Instant Credit Transfer ( ) 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 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

What will be the market share of cash by 2025 in the euro area as a % of the total number of POS payments? ECB data showed an average* share of 78.8% in 2016. *The relative usage of cash differs greatly among the 19 euro area countries

  • less than 11% (8%)
  • 11%-20% (12%)
  • 21%-30% (14%)
  • 31%-40% (17%)
  • 41%-50% (15%)
  • 51%-60% (13%)
  • 61%-70% (13%)
  • above 70% (8%)
Harmonise 01Harmonise 02Harmonise 03

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

527+
million citizens

146
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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News and Insights

Insight

20 May 20

SCT Inst scheme gaining further traction in Europe

November 2017 marked a major event in an increasingly instant world: the launch of the Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst), which enables credit transfers in ten seconds – or less – across the SEPA. Two and a half years on, the scheme has grown significantly, and the European...

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