01 July 20
SCT Inst transaction limit increased to 100,000 euros
As of today, the maximum amount per SEPA Instant Credit Transfer (SCT Inst) transaction went up from 15,000 to 100,000 euros. Payment end-users can use the SCT Inst scheme in higher-value business-to-business and business-to-consumer transactions. This new transaction limit means additional freedom...
10 June 20
SRTP scheme – facilitating a seamless way to pay within SEPA
On 2 June 2020, the EPC launched a three-month public consultation on the rulebook for the new SEPA Request-to-Pay (SRTP) scheme, which will provide a new way to request a payment initiation. We interviewed the ad-hoc RTP Task Force (RTP TF) chair Jean-Yves Jacquelin to shed some light on the future...
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
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.
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.
News and Insights
10 June 20
SRTP scheme – facilitating a seamless way to pay within SEPA
On 2 June 2020, the EPC launched a three-month public consultation on the rulebook for the new SEPA Request-to-Pay (SRTP) scheme, which will provide a new way to request a payment initiation. We interviewed the ad-hoc RTP Task Force (RTP TF) chair Jean-Yves Jacquelin to shed some light on the future...
02 June 20
Public consultation on the SEPA Request-to-Pay Scheme Rulebook
The European Payments Council (EPC) launches today a 90-day public consultation on the draft rulebook it developed for its new SEPA Request-to-Pay (SRTP) scheme. The SRTP scheme, which is based on the RTP specifications document produced by the RTP Multi-Stakeholder Group (MSG RTP), covers the...
28 May 20
Public consultation on Technical Interoperability of MSCTs based on payer-presented data
The ad-hoc multi-stakeholder group on Mobile Initiated SEPA (Instant) Credit Transfers, (MSG MSCT), which is facilitated by the European Payments Council (EPC) has conducted through a newly established dedicated work-stream, a more detailed analysis of the technical interoperability of MSCTs based on...