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RPS

ACH

Retail Payment System - Germany's domestic clearing for SEPA payments. Operated by the Deutsche Bundesbank. One of the three largest retail payment systems in the euro area alongside STEP2-T and CORE(FR).

NowHours: computing from the published schedule…Service condition: not monitored details

ClearingPost does not assess whether RPS is running normally.

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Dated items ClearingPost holds, each with its source and whether the date is confirmed

No supported upcoming items in ClearingPost's records for RPS.

ClearingPost holds sourced upcoming items for 17 of 149 systems; an empty list is a statement about ClearingPost's records, not about a system's plans.

Material, sourced changes ClearingPost recorded; corrections to its own record are labelled as such

  • ~€19B (2024, Bundesbank Annual Report) changed to ~€19.1B (2025, Bundesbank; €4,871.5B/yr)
    recorded 6 Sep 2026 · Deutsche Bundesbank: Zahlungsverkehrs- und Wertpapierabwicklungsstatistiken Juli 2026source ↗
  • Data update
    RPS participant count decreased to 137 direct (end-2025, Bundesbank) · RPS average daily transactions decreased to ~31.7M (2025, Bundesbank; 8,078.7M transactions/yr)
    recorded 5 Sep 2026 · Deutsche Bundesbank: Zahlungsverkehrs- und Wertpapierabwicklungsstatistiken Juli 2026

Sources ClearingPost reads Deutsche Bundesbank · Authoritative (T1) · 12 of 16 fields carry a source and a recorded date · latest sourced entry recorded 7 Oct 2026 · evidence details ↓

Record · RPS

Country
Germany (DE)
Currency
Euro (EUR)
Operator
Deutsche Bundesbank
Type
ACH
Operating Window
07:00–18:00 UTC · Mon–Fri
Year Established
2003
Tier?
Tier 1
ISO 20022?
Native
Region
Europe
Settlement Type?
Net
Participants
137 direct (end-2025, Bundesbank)
Avg Daily Transactions
~31.7M (2025, Bundesbank; 8,078.7M transactions/yr)
Avg Daily Value
~€19.1B (2025, Bundesbank; €4,871.5B/yr)
Availability
TARGET business days
Notes

The Bundesbank states that its RPS SEPA-Clearer procedural rules and technical specifications dated 15 November 2026 will not come into force until further notice, following the EPC Payment Scheme Management Board decision of 9 September 2026 to postpone removal of the unstructured address format. The versions dated 5 October 2025 remain in force beyond 15 November 2026, so XT33 rejection of unstructured payer and payee address data has no scheduled start date. Bundesbank reports RPS (EMZ) volumes, values and participants semi-annually; 2025 H2 is the latest published period.

Reference Sources
Deutsche Bundesbank
Authoritative (T1)Entry recorded Mar 15, 2026

Operations · RPS

Operational monitoring: not configured. ClearingPost does not monitor operational sources for this system and does not assess its current service condition.

Operations lists the systems ClearingPost monitors and the operational events it has recorded.

Wider coverage that mentions RPS (1)

These articles mention RPS in their text but not in their headline or summary, so they are listed as context rather than as RPS intelligence.