Share This

Evolution of the EPC SEPA payment schemes

The EPC SEPA payment schemes are used to facilitate billions of transactions every year in Europe.

Evolution of the schemes 01

In an increasingly digital world, technology and consumer needs change rapidly. The regularly updates its schemes in order to adapt and remain at the forefront of payments technology.

An open and transparent change-management process

The payment schemes are updated every two years to reflect market needs and evolutions in the technical standards developed by international standards bodies, such as the International Organization for Standardization. This evolution is guided through a transparent change-management process, open to all stakeholders:

Scheme Evolution Process EPC


In line with its commitment to transparency, the publishes its position on each change request after the public consultation comment received during the public consultation, so that all stakeholders know why their change requests propositions were taken forward or set aside.

payment scheme evolution calendar

The call for change requests for the Credit Transfer, Instant Credit Transfer, Direct Debit ( ) Core and the Business-to-Business scheme rulebooks runs exceptionally up to 30 June 2021 included (instead of 31 December 2021).

The reason to bring forward this submission deadline to 30 June 2021 is that in September 2020, the decided to migrate all its payment schemes to the 2019 version of the ISO 20022 message standard by 19 November 2023 i.e. the entry-into-force date of the 2023 payment scheme rulebooks. This implementation combined with possibly new/amended business and/or functional rules in a single rulebook release, may form a challenge for some payment scheme participants or other stakeholders. Therefore, all 2023 payment scheme rulebooks and related Implementation Guidelines will be published in May 2022 instead of November 2022.

This timeline change is considered as an exception, and is not planned to be repeated for any future change management cycles.

Any stakeholder interested can submit their change requests by using this template. These change requests will then be considered for the 2022 change-management process cycle

Download the template

  • Until 30 June 2021
    Call for change requests
  • Mid September to Mid December 2021
    Three-month public consultation
  • May 2022
    Publication of the next rulebook (entering into effect in November 2023)
The EPC SEPA payment scheme rulebook versions until 2023
This diagram shows which rulebook version is in effect and when.

Diagram rulebook