Lithuania's Paysera Gains Direct T2 Participation Under EU Instant Payments Regulation

EU Regulation 2024/886 has produced its first concrete outcome in European payment infrastructure after a non-bank institution completed direct integration with the T2 large-value settlement platform. Paysera, which processed 27.6 million transfers worth EUR 23.3 billion last year, will no longer need to route euro payments through intermediary banks.

Paysera has become the first electronic money institution admitted as a direct participant in the ECB's T2 system. T2 is the Eurosystem's central infrastructure for large-value euro payments, settling over EUR 2 trillion daily. The Bank of Lithuania and the ECB completed their assessments to enable the admission.

Until this change, direct T2 access was restricted to central banks, commercial banks, central securities depositories, and national treasuries. EU Regulation 2024/886, which entered into force in October 2025, extended direct infrastructure access rights to non-bank payment institutions. All EMIs had previously been required to route transactions through intermediary banks.

Paysera CEO Justina Sidlauskiene said direct access allows the company to offer the same speed and security as major financial institutions at lower cost. In 2025, Paysera processed 27.6 million transfers totaling EUR 23.3 billion, a 19 percent increase year-on-year. Of those transfers, 82 percent were processed via SEPA Instant.