14 September 18
* The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The Spanish payment service company Iberpay was one of the first providers of clearing and settlement services for the Single Euro Payments Area (SEPA) Instant Credit...
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.
We maintain the schemes and make them evolve in dialogue with our stakeholders.
We strive for a better harmonisation of other innovative electronic payment instruments, like card and mobile payments.
We define positions and make proposals on payment aspects of European policies and legislations.
billion electronic payments per year
(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.
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.
SEPA INSTANT CREDIT TRANSFER SCHEME
Already 0 payment service
providers have joined the scheme,
i.e. 0% of European PSPs.
News and Insights
30 August 18
* The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Strategically positioned between Europe, Africa and America, Portugal has an attractive and modern financial system. The Portuguese carry the least cash of all European...
12 July 18
SWIFT (Society for Worldwide Interbank Financial Telecommunication) is starting tests of their messaging services that transport SEPA Instant Credit Transfers (SCT Inst) to all Clearing and Settlement Mechanisms (CSMs) that choose to offer SWIFT connectivity. In this interview, Carlo Palmers discussed...
10 July 18
Explore more about the global market trends, payments industry, real-time payments and open banking challenges in a selection of recent and free reports that we have gathered during the second quarter of 2018. The views expressed in the below reports are solely those of the authors and should not...