31 October 18
Corporate focus on the future of payments
* The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Over the past years, SEPA payment schemes have evolved and a new SEPA Instant Credit Transfer (SCT Inst) scheme was introduced, to facilitate daily payment situations...
SEPA INSTANT CREDIT TRANSFER SCHEME
Already 0 payment service
providers have joined the scheme,
i.e. 0% of European PSPs.
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.
Manage
We maintain the schemes and make them evolve in dialogue with our stakeholders.
Envision
We strive for a better harmonisation of other innovative electronic payment instruments, like card and mobile payments.
Influence
We define positions and make proposals on payment aspects of European policies and legislations.
4,000+ scheme participants
must formally adhere to the schemes in order to offer their customers the ease and convenience of transactions.
520+
million citizens
139
billion electronic payments per year
34
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 ( 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.
News and Insights
17 October 18
Around the web – A compilation of some interesting reports about payments
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 third quarter of 2018, we gathered a list of recent reports that shine a spotlight on interesting topics such as artificial intelligence, digital payments,...
12 October 18
PRETA: Open Banking Europe PSD2 directory project
* The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Nowadays, the payments market is characterised by the confluence of several key drivers for change, such as regulations – in particular, the revised Payment Services...
03 October 18
Taking a closer look at Norway's payment landscape
* The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The Norwegian payment landscape is characterised by increasingly popular card payments and the well-developed infrastructure that supports them. We wanted to find out...