The European Central Bank published the TARGET Services Annual Report 2025 on June 12. T2 processed an average of 431,067 transactions per day in 2025. Daily settlement value reached €1,932.8 billion. Transaction volumes rose 3.6 percent from 2024.
TIPS processed 2.47 billion instant payment transactions in 2025, an 82.5 percent increase from 2024. Growth reflected both the EU Instant Payments Regulation mandating euro-area PSPs to accept instant payments and the addition of the Danish krone as the first non-euro currency on the platform. Euro-denominated TIPS transactions averaged 2.74 million per day.
T2 achieved 99.8 percent technical availability across the year. TIPS maintained 99.99 percent uptime. The Eurosystem reported two significant disruptions during 2025 that required follow-up action plans.