Contributing to the future of payments in Europe
SEPA goals and benefits
31 October 23
Instant payments in Romania: the engine for development in the payments sector
The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The payments sector in Romania has been very dynamic in recent years. Since its launch in 2019, the Romanian domestic instant payment system has seen a sharp rise in u
What is a payment scheme?
SEPA for cash
SEPA Credit Transfer
Evolution of the EPC payment schemes
Mobile proximity payments
26 July 21
Digital payments in Cyprus
The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Although electronic payments are gaining popularity in Cyprus, cash is still king. Nevertheless, there are clear signs that the Cypriot payments landscape is entering
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 freed
28 July 23
Payments in wartime: the story of the National Bank of Ukraine
The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Russia invaded Ukraine on 24 February 2022. Ever since, martial law has made ensuring the country’s economic and financial stability a challenge for the National Bank
EPC scheme participation fees
SEPA Direct Debit
31 May 23
A pathway to improve the security of card payment systems
The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The Smart Payment Association (SPA) is the trade body of the cards and mobile payments industry and addresses the challenges of a fast-evolving payment ecosystem, prom
SEPA Instant Credit Transfer
14 April 22
Pix: the rapid development of instant payments in Brazil
The views expressed in this article are solely those of the authors and should not be attributed to the European Payments Council. Two years ago, the Brazilian Central Bank decided to launch Pix, an instant payment scheme that the bank developed, manages, operates, and owns. Since its lau
SEPA Direct Debit B2B rulebook and implementation guidelines
14 October 22
Accessibility to retail payments in the EU
The views expressed in this article are solely those of the authors and should not be attributed to the European Payments Council. The European retail payments landscape has changed due to a multitude of reasons: innovation, regulatory developments, the Covid-19 pandemic and changing consumer hab