22 October 20
The new Retail Payments Strategy for the EU
The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The Single Euro Payments Area (SEPA) initiative has been a key enabler for the integration of the retail payments market in the European Union (EU): the development of...
12 October 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. Explore more about the overall payment statistics, global market visions, artificial intelligence (AI) and more in a selection of recent and free reports that we...
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
At least 1 SCT Inst participant but no majority of payment accounts in the country
No SCT Inst scheme participants in the country
*SCT Inst scheme largely enumerates those having the most significant volumes in their countries.
Featured
Now is the time to join - a major advance for European payments
Since its launch in November 2017, the
Instant Credit Transfer (
) scheme has grown significantly. Find out more information about the latest SCT Inst achievements. 
All eligible
are encouraged to rapidly join it for the benefit of their customers and to help achieve the broadest coverage as soon as possible!
Want to board the instant payments train? Read more here.
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.
529+
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.
News and Insights
12 October 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. Explore more about the overall payment statistics, global market visions, artificial intelligence (AI) and more in a selection of recent and free reports that we...
07 October 20
ECB takes steps to ensure pan-European reach of instant payments
The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The European Central Bank’s (ECB) Governing Council, in line with the European Commission’s (EC) objectives, has taken an important move towards the full reach of instant...
30 September 20
Call for an independent member for the Scheme Management Board
The EPC Scheme Management Board (SMB) – the body responsible for the administration and evolution of the EPC Single Euro Payments Area (SEPA) payment schemes – is inviting interested parties to apply for a vacancy for an 'independent member', effective from 18 November 2020 to 28 April 2021, with the...