Payment service providers across the European Union face their first reporting obligation under the Instant Payments Regulation on April 9, 2026. The European Banking Authority originally set the deadline for April 2025 but extended it by 12 months to allow additional time for technical alignment on reporting standards.
The reports must cover charges for both instant and non-instant credit transfers, payment account fees, and the share of transactions rejected due to EU sanctions screening. Data must be segmented by user type and payment channel and submitted in XBRL-csv format.
Industry surveys indicate that 33 percent of PSPs report full readiness for the deadline. A further 25 percent acknowledge complete unpreparedness, citing challenges with sanctions screening and Verification of Payee integration.