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Contributing to the future of payments in Europe

The EPC focuses on the harmonisation of electronic methods of payments in SEPA

Insight

16 November 22

European Commission's proposal for a regulation on instant payments

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. On 26 October the European Commission (EC) adopted a legislative proposal on instant payments in euro, fulfilling its commitment of the 2020 Retail Payments Strategy f

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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

* SCT + SCT Inst.
SPAIN NUMBER NORWAY NUMBER FINLAND NUMBER ESTONIA NUMBER SWEDEN NUMBER LATVIA NUMBER BELARUS NUMBER LITHUANIA NUMBER GERMANY NUMBER POLAND NUMBER ICELAND NUMBER DENMARK NUMBER UNITED KINGDOM NUMBER IRELAND NUMBER NETHERLANDS NUMBER SWITZERLAND NUMBER LUXEMBOURG NUMBER BELGIUM NUMBER SPAIN NUMBER PORTUGAL NUMBER FRANCE NUMBER LICHTENSTEIN NUMBER ITALY NUMBER UKRAINE NUMBER SAN MARINO NUMBER MONACO NUMBER MOLDOVA NUMBER TURKEY NUMBER ROMANIA NUMBER BULGARIA NUMBER GREECE NUMBER BOSNIA AND HERZEGOVINIA NUMBER SERBIA NUMBER HUNGARY NUMBER SLOVAKIA NUMBER SLOVENIA NUMBER CROATIA NUMBER AUSTRIA NUMBER CZECH REPUBLIC NUMBER MALTA NUMBER CYPRUS NUMBER VATICAN NUMBER ANDORRA NUMBER
from
12
COUNTRIES
At least 1 SCT Inst participant and a majority of payment accounts in the country
At least 1 SCT Inst participant but no majority of payment accounts in the country
Readiness date: 1 July 2023
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. 
info

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.

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529+
million citizens

146
billion electronic payments per year

36
European countries

46
billion + transactions per year