ECB TARGET statistics for March 2026 show TIPS settling a daily average of 4.74 million euro-denominated instant payments worth €5.7 billion. Volume rose 110 percent over March 2025, when the platform processed 2.26 million euro transactions per day at €1.4 billion in daily value.
Non-euro currencies added substantial throughput. Swedish krona settlements averaged 3.13 million per day in March. Danish krone transactions reached 2.10 million daily. Combined three-currency volume approached 10 million transactions per day.
Euro settlement values grew even faster than volumes, rising 307 percent year-over-year to €5.7 billion per day. The value acceleration reflects the shift in payment mix since the October 2025 sending mandate took effect.