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The ad-hoc multi-stakeholder group for Mobile Initiated SEPA Credit Transfers (including SCT Instant)


Today, Instant Credit Transfers are becoming a reality within and the usage of the mobile channel for the initiation of such payments is expected to be key for the take-up of this type of payments. There also seems to be a growing interest from retailers in -based payments both for in-store payments and for mobile commerce as a complement to card payments. In a number of European countries various solutions have already been introduced in the market. There is currently a time window to develop guidance for Mobile Initiated Credit Transfers, including Instant (MSCTs), which should aim at a harmonisation and interoperability for these payments across

Therefore, the has decided in 2018 to facilitate an ad-hoc multi-stakeholder group (MSG) covering the various sectors involved in the mobile payment ecosystem to address interoperability of Mobile Initiated Credit Transfers, including instant, while leveraging the relevant documentation developed in standardisation and industry bodies. The mandate for this group may be found below.
Through an open call for participation on this website in March-April 2018, the group has been set up and its composition is shown on this page. The agenda and minutes of the meetings of this group are regularly published on this website. Through this open approach, payment service providers, technology vendors, retailers, consumers, mobile network operators, other service providers, relevant associations and other interested stakeholders are directly involved in the development of the MSCT interoperability guidance for MSCTs.

The draft MSCT IIGs went through the public consultation until 16 September 2019. The MSG analysed the various comments and now recently finalised an updated version of the document renamed “Mobile Initiated SEPA (Instant) Credit Transfer Interoperability Guidance (MSCT IG)”. The document focuses on interoperability for MSCTs that would allow for a pan-European reach while covering customer-to-business, business-to-business and person-to-person payments. Hereby not only m-commerce payments (browser or mobile app based) but also in-store payments initiated through a proximity technology such as Quick Response (QR) codes, Bluetooth Low Energy (BLE), Near-Field-Communication (NFC) etc. are considered. The document aims through the description of MSCT use cases to provide an insight into the main issues related to the mobile initiation of (instant) credit transfers in the different payment contexts. Next to the MSCT transaction aspects such as payer identification/authentication, transaction authentication, risk management and payer/beneficiary acknowledgements and notification messages, it focuses on the technology and security used in the customer-to-ASPSP space since the Instant and transaction as such have already been specified in the respective rulebooks.

While producing this document, the multi-stakeholder group has identified a number of “major challenges and barriers” that are described in the document and that will need to be properly addressed to achieve full interoperability for MSCT transactions. Those aspects have been further analysed during the past months by a newly established - technical work-stream of the MSG MSCTs.

The MSCT Interoperability Guidance aims to contribute to a further integration of payments in the European digital market with a special focus on the customer experience: availability and ease of use.

Those interested to follow the work of the Multi-Stakeholder Group on Mobile Initiated (Instant) Credit Transfers more closely, can apply to become a participant in the interest group by sending an application to the following address: [email protected]

Read all documents published by the MSG MSCT