November 2017 marked a major event in an increasingly instant world: the launch of the Single Euro Payments Area ( ) Instant Credit Transfer ( ), which enables credit transfers in ten seconds – or less – across the . Since its launch, the scheme has kept on growing, and the latest Register of Scheme Participants, published in November 2020, reveals that the scheme now includes 2,287 (over fifty-seven percent of the total) from 23 countries in Europe.
Furthermore, the estimated share of the volumes in total volumes of Credit Transfer ( plus ) is growing rapidly and reached 7.47 percent in the third quarter of 2020. Against that background, the invited professionals working in the payments industry to provide their views on the Q4-2022 level of the share of volumes, by participating in a poll.
Estimated share of INST volumes in total CT ( + INST) volumes Q3 2020
The question asked over the last two months to all interested stakeholders was the following: “In your opinion, what will be the volumes’ estimated share in total CT volumes ( + ) in Q4-2022? (Latest data: 7.47% in Q3 2020)”
The results were as follows:
Less than 10% (20%)
Above 40% (20%)
The results were spread virtually equally across the various ranges showing a wide diversity of opinions, but it is however worth highlighting that substantially more than half of the voters (59%) agreed on a predicted share of volumes in total CT volumes above 20% by end-2022. Remaining voters chose 11-20% (22%) or less than 10% (20%). See you in January 2023 for the reality check!
If you would like to comment on this article, please identify yourself with your first and last name. Your name will appear next to your comment. Email addresses will not be published. Please note that by accessing or contributing to the discussion you agree to abide by the EPC website conditions of use.