All payment service providers in the SEPA area submitted their first compliance reports to national competent authorities on April 9 under Article 15 of the amended SEPA Regulation. The filings mark the first time European regulators have standardized, institution-level data on instant payment adoption.
Each report covers the retrospective period from October 26, 2022 to December 31, 2022. PSPs were required to disclose credit transfer volumes broken down by instant and non-instant categories. Reports also include fee levels for retail and corporate customers. The share of transactions rejected through EU sanctions screening must be reported separately.
The European Banking Authority delayed this first reporting cycle by 12 months from its original April 2025 target. The additional time allowed the European Commission to adopt implementing technical standards and for industry to build the required XBRL reporting taxonomy. National competent authorities will forward aggregated data to the EBA and European Commission by October 2026.