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RT1

FPS

Pan-European instant payment system for SEPA Instant Credit Transfers. Processes transactions in ~1 second, 24/7/365. Reaches 85% of SEPA bank customers. Settles in central bank money via TIPS. Also offers RT1 OCT Inst for cross-border payments with one leg outside SEPA.

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

ClearingPost does not assess whether RT1 is running normally.

Next

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

No supported upcoming items in ClearingPost's records for RT1.

ClearingPost holds sourced upcoming items for 10 of 150 systems; an empty list is a statement about ClearingPost's records, not about a system's plans.

Changed

All recorded changes →

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

  • Data updateRT1 headline volume increased to 7.7M TX/day daily avg (Jun 2026)
    ~6-7M TX/day weekdays (2025) changed to 7.7M TX/day daily avg (Jun 2026)
    recorded 8 Sep 2026 · EBA Clearing RT1 statisticssource ↗

Sources ClearingPost reads EBA Clearing · Authoritative (T1) · 15 of 19 fields carry a source and a recorded date · latest sourced entry recorded 28 Sep 2026 · evidence details ↓

Record · RT1

Country
Eurozone (EU)
Currency
Euro (EUR)
Operator
EBA Clearing
Type
FPS
Operating Window
24/7/365
Year Established
2017
Tier?
Tier 1
ISO 20022?
Native
Region
Europe
Settlement Type?
Gross
Participants
2,880 enabled reachable PSP BICs covering 2,406 distinct PSPs (EBA Clearing RT1 SCT Inst Reachable PSP List, September 2026); direct participant count not stated in that file
Avg Daily Transactions
7,709,055 daily avg (Jul 2026, EBA Clearing); Jun: 7,709,005; May: 6,883,486; Apr: 6,924,454; Mar: 6,744,653; Feb: 6,532,736; Jan: 6,107,170; peak 9.6M (Dec 1, 2025)
Avg Daily Value
€9.3B daily avg (Jul 2026, EBA Clearing); Jun: €9.3B; May: €7.3B; Apr: €7.9B; Mar: €7.4B; Feb: €6.9B; Jan: €6.4B; Dec 2025: €7.0B; full-year 2025 avg: ~€3.8B
Availability
24/7/365
Notes

On the 28 September 2026 check the RT1 statistics page still carried July 2026 as its most recent published month, the second consecutive check with August unreported and roughly four weeks after the month closed. The earlier contrast with EURO1 no longer holds: the EURO1 statistics page also ends at July 2026, so both EBA Clearing services are now equally behind rather than RT1 alone. EBA Clearing gives no reason for the delay and has published no news item since 17 June 2026. The published July daily average differs from June's by only 50 transactions and carries the same rounded daily value, a pattern that may reflect a publication error and that EBA Clearing has not explained. The RT1 system overview page continues to advertise participant and peak-day figures that the operator's own statistics page and participant list contradict. EBA Clearing has published no news item since 17 June 2026.

EBA Clearing official website →
Reference Sources
EBA Clearing
Authoritative (T1)Entry recorded Mar 12, 2026
Status →Statistics →Participants →
See all FPS systems →See all systems in Eurozone →ISO 20022 migration status →Payment rails by country →
Products on this rail
SEPA Instant Credit Transferinstant transfer
European Payments Council (EPC)
Other systems in the same country or region
T2 / TARGETRTGS
Eurozone · EUR · ECB / Eurosystem
SEPA SCTACH
Eurozone · EUR · EPC / CSMs
SEPA SDDACH
Eurozone · EUR · EPC / CSMs
SEPA InstFPS
Eurozone · EUR · EPC / RT1 / TIPS
EURO1Hybrid
Eurozone · EUR · EBA Clearing
CHAPSRTGS
United Kingdom · GBP · Bank of England

Operations · RT1

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.

Intelligence for RT1 (4)

Coverage whose headline or summary names RT1, or names its operator or country together with its system type. Each item quotes that evidence and says whether the source is the RT1 operator or external.

NewsSep 12, 2026Headline names “RT1”
RT1 Stayed Above 7.7 Million Instant Payments a Day for a Second Month in July
Value cleared through the operator's instant credit transfer service reached €9.3 billion daily during that month.
Operator source · EBA Clearing
AnalysisMar 28, 2026Summary names “RT1”
Easter 2026 Tests Post-Mandate Instant Payment Capacity as TARGET Closes for Four Days
TARGET T2, EURO1, and STEP2-T will close for Good Friday and Easter Monday on April 3 and 6, while RT1 and TIPS continue 24/7 instant settlement through the four-day window at their current combined rate of over 10 million daily transactions. With six months of IPR sending mandate compliance behind the market, the Easter period offers a practical measure of how effectively instant rails now absorb payment flows that previously depended on batch settlement schedules.
External source · ECB TARGET operating schedule
NewsMar 23, 2026Headline names “RT1”
RT1 Settlement Values Triple in 2025 as Europe's Sending Mandate Transforms Instant Payments
Analysis of RT1's monthly transaction data across 2025 reveals how the EU Instant Payments Regulation's sending mandate and the removal of the SCT Inst transaction cap triggered an immediate step-change in instant payment adoption, with daily settlement values rising from 3.8 billion euros in September to 7.0 billion by December and peak daily volumes reaching 9.6 million transactions.
Operator source · EBA Clearing
AnalysisMar 19, 2026Headline names “RT1”
RT1 Daily Settlement Values Triple Through 2025 as Instant Payments Shift Toward Corporate Use
EBA Clearing statistics reveal that RT1 average daily settlement values rose from 2.4 billion euros in January 2025 to 7 billion euros in December 2025, a 192 percent increase that far outpaced the 67 percent growth in transaction volumes over the same period. The October 2025 inflection point, when the IPR sending mandate and SCT Inst maximum amount increase took effect simultaneously, marks the moment instant payments began moving from a predominantly consumer channel to a corporate payment rail.
Operator source · EBA Clearing RT1 SCT Inst Statistics

Wider coverage that mentions RT1 (8)

These articles mention RT1 in their text but not in their headline or summary, so they are listed as context rather than as RT1 intelligence.

NewsJun 10, 2026Text mentions “RT1”
European Banks Lag on OCT Inst as TIPS Cross-Border Settlement Goes Live
Mastercard Move settled the first non-bank cross-currency instant payments through TIPS on June 1, completing EUR-DKK transactions atomically in central bank money. Ten multinational banks including Barclays, Deutsche Bank, and J.P.
External source · European Central Bank
AnalysisMay 26, 2026Text mentions “RT1”
Bizum's NFC Launch Puts SEPA Instant Credit Transfers at the Spanish Point of Sale
Spain's Bizum activated NFC contactless payments at merchant terminals on May 18, routing all in-store transactions as SEPA Instant Credit Transfers through Iberpay. With 30.6 million enrolled users and 111,000 connected merchants, the launch positions account-to-account instant payments as a direct alternative to card networks at the physical point of sale.
External source · Banco de España
NewsMay 13, 2026Text mentions “RT1”
STEP2 Credit Transfer Volumes Fall 5.5 Percent in April as Instant Migration Accelerates
Average daily SCT value held at EUR 94 billion, marginally above EUR 93 billion a year earlier. STEP2 SDD Core averaged 47.3 million daily transactions, up 2.6% from 46.1 million in April 2025.
Operator source · EBA Clearing
AnalysisApr 14, 2026Text mentions “RT1”
STEP2 Credit Transfer Volumes Drop 4% in Q1 2026 as Instant Payments Gain Share
STEP2's SEPA Direct Debit Core service averaged 45 million transactions per day in Q1 2026, up from 43.5 million in 2025. March volumes peaked at 45.9 million daily transactions at 8.6 billion euros in value.
Operator source · EBA Clearing
AnalysisMar 28, 2026Text mentions “RT1”
Euro Area Instant Credit Transfer Share Reaches 23 Percent as Sending Mandate Reshapes Volumes
The seven-percentage-point gain in instant credit transfer market share between H1 2024 and H1 2025 reflects early effects of the EU sending mandate, but the persistent gap between 23 percent volume share and 7 percent value share signals that corporate treasury flows remain on standard rails.
External source · European Central Bank
AnalysisMar 24, 2026Text mentions “RT1”
Verification of Payee Reaches 2,700 PSPs Six Months After Europe's Mandatory Rollout
Six months after Europe's Verification of Payee mandate took effect, the scheme has scaled to 2,700 PSPs and 55 routing mechanisms. The EPC's March 2026 rulebook update addresses initial deployment challenges while EBA Clearing's fraud detection overlay reaches 55 participants across 14 countries. With non-eurozone EEA obligations arriving in July 2027, VoP's next expansion phase will test cross-border name matching at pan-European scale.
External source · European Payments Council
AnalysisMar 22, 2026Text mentions “RT1”
PSD3 and PSR: What Changes for European Payments and When
The two-instrument framework splits payment regulation into a directly applicable regulation governing conduct and fraud prevention, and a directive covering licensing that merges the electronic money regime. Most provisions take effect 18 months after Official Journal publication, with payee verification following at 24 months.
External source · European Parliament Press Release
AnalysisMar 13, 2026Text mentions “RT1”
How TIPS Is Becoming the Nordic Settlement Platform: Multi-Currency Instant Payments from Stockholm to Reykjavik
The ECB's TIPS platform processed 1.35 billion transactions in 2024 - a 402% surge - with Swedish kronor accounting for over half the volume. Denmark joined in April 2025, Norway has signed on for 2028, and Iceland is exploring entry. Combined with the TIPS X-CCY cross-currency service, the Nordics are notable converging on a single instant payment settlement layer.
External source · ECB
Not listed here: 2 tagged articles that do not mention RT1. All coverage is in Insights.