13 February 20
Bizum: The Spanish instant mobile payment solution
The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Bizum is a payment service launched by Spanish banks in 2016 to allow users to conduct Person-to-Person (P2P) payments through a smartphone. We interviewed Fernando Rodríguez...
30 January 20
EPC’s follow up on Brexit after ratification of the Withdrawal Agreement
The United Kingdom (UK) and European Parliaments have now ratified the UK Withdrawal Agreement, paving the way for the UK to leave the European Union (EU) on 31 January 2020. The UK will then enter the agreed transition period, which currently runs from 1 February until 31 December 2020. Therefore, the...
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
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.
4,000+ scheme participants
must formally adhere to the schemes in order to offer their customers the ease and convenience of transactions.
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.
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.
News and Insights
30 January 20
EPC’s follow up on Brexit after ratification of the Withdrawal Agreement
The United Kingdom (UK) and European Parliaments have now ratified the UK Withdrawal Agreement, paving the way for the UK to leave the European Union (EU) on 31 January 2020. The UK will then enter the agreed transition period, which currently runs from 1 February until 31 December 2020. Therefore, the...
29 January 20
The payment landscape of Luxembourg
The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. We continue our series of European payment landscapes with a profile of Luxembourg, which is characterised by the highest banking internationalisation rate in Europe as...
23 January 20
Around the web – a compilation of some interesting reports about payments published last quarter
The views expressed in the below reports are solely those of the authors and should not be attributed to the European Payments Council. During the last quarter of 2019, we gathered a list of interesting and free reports that focus on different payments’ topics. Check out the list below and download...