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SEPA Inst

FPS

SEPA Instant Credit Transfer (SCT Inst) - 24/7/365 euro instant payments. Max theoretical amount €999,999,999.99 per transaction (raised from €100K in Oct 2025; PSPs may set lower limits). Settled in central bank money via TIPS. Cleared through RT1 (EBA Clearing) and/or TIPS (ECB). Mandatory for euro area PSPs: receive from 9 January 2025, send from 9 October 2025 (Instant Payments Regulation). Verification of Payee mandatory for euro area PSPs from 9 October 2025, the same date as the sending mandate. PSPs in non-euro area Member States must receive from 9 January 2027 and send from 9 July 2027.

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

ClearingPost does not assess whether SEPA Inst is running normally.

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

  • europarl.europa.eusource ↗

Deferred · no revised date

  • no revised date · previously 14 Nov 2026
    ISO 20022 milestone for November 2026: Unstructured addresses to be removed · recorded 31 Jul 2026source ↗

Changed

All recorded changes →

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

  • Data updateSEPA Inst average daily value updated to ~€16.1B/day (TIPS EUR Jul 2026 €6.8B + RT1 Jul 2026 €9.3B; STEP2-T instant excluded)
    ~€7B est. (derived: 7% of retail CT value, H1 2025, ECB) changed to ~€16.1B/day (TIPS EUR Jul 2026 €6.8B + RT1 Jul 2026 €9.3B; STEP2-T instant excluded)
    recorded 15 Sep 2026 · TARGET payments: value (Table 2)source ↗
  • Data updateSEPA Inst average daily transactions updated
    ~12.1M instant credit transfers/day via TIPS + RT1 (mid-2026) changed to ~12.7M instant credit transfers/day (TIPS EUR Jul 2026 4,993,929 + RT1 Jun 2026 7,709,005; STEP2-T instant excluded)
    recorded 8 Sep 2026 · ECB - Traffic settled in the TARGET Services 2026 - Table 1 (with EBA Clearing RT1 statistics)source ↗
  • Took effectSEPA Instant Credit Transfer Scheme Rulebook (2025 v1.1)

    Revised unstructured address phase-out to 15 November 2026; added hybrid address format; maximum transaction amount raised to EUR 999,999,999.99. On 9 September 2026 the EPC Payment Scheme Management Board decided to maintain support for unstructured addresses beyond 15 November 2026; the PSMB will reconvene in October 2026 to set a new end date, and revised rulebooks are expected to be published by October 2026 at the latest.

    took effect 5 Oct 2025 · European Payments Councilsource ↗

Rules & documents

The rulebooks, operating rules and standards documents ClearingPost holds for SEPA Inst, current version first

Sources ClearingPost reads ECB · Authoritative (T1) · 15 of 18 fields carry a source and a recorded date · latest sourced entry recorded 25 Sep 2026 · evidence details ↓

Record · SEPA Inst

Country
Eurozone (EU)
Currency
Euro (EUR)
Operator
EPC / RT1 / TIPS
Type
FPS
Operating Window
24/7/365
Year Established
2017
Tier?
Tier 1
ISO 20022?
Native
Region
Europe
Settlement Type?
Gross
Participants
2,837 SCT Inst scheme participants (2,744 euro area + 93 non-euro area), EPC register August 7, 2026
Avg Daily Transactions
~12.7M instant credit transfers/day (TIPS EUR Jul 2026 4,993,929 + RT1 Jul 2026 7,709,055; STEP2-T instant excluded)
Avg Daily Value
~€16.1B/day (TIPS EUR Jul 2026 €6.8B + RT1 Jul 2026 €9.3B; STEP2-T instant excluded)
Availability
24/7/365
Notes

The EPC Payment Scheme Management Board decided on 9 September 2026 to maintain support for unstructured addresses beyond the 15 November 2026 end-date under all five EPC payment scheme rulebooks; the board will reconvene in October 2026 to set a new end date, and revised 2025 rulebooks, implementation guidelines and guidance materials are due by October 2026 at the latest. The EPC SCT Inst Register of Participants was updated on 11 September 2026 according to the EPC registers page, but the EPC website is recorded by ClearingPost as blocking automated access, so the registered participant count still reflects the 7 August 2026 publication. The VoP Scheme Rulebook v1.1, Inter-PSP API Specifications v1.1.1 and API Security Framework v2.1 take effect on 20 September 2026.

EPC / RT1 / TIPS official website →
Reference Sources
ECB
Authoritative (T1)Entry recorded Mar 13, 2026
Status →Incident History →Statistics →Operating Schedule →
Reference Documents
SEPA Instant Credit Transfer Scheme Rulebookrulebook
European Payments Council · 2025 v1.1 · Effective Oct 5, 2025
Latest recorded change

Revised unstructured address phase-out to 15 November 2026; added hybrid address format; maximum transaction amount raised to EUR 999,999,999.99. On 9 September 2026 the EPC Payment Scheme Management Board decided to maintain support for unstructured addresses beyond 15 November 2026; the PSMB will reconvene in October 2026 to set a new end date, and revised rulebooks are expected to be published by October 2026 at the latest.

Entry recorded Mar 26, 2026
View document →
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
EURO1Hybrid
Eurozone · EUR · EBA Clearing
CHAPSRTGS
United Kingdom · GBP · Bank of England
BACSACH
United Kingdom · GBP · Pay.UK

Operations · SEPA Inst

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 SEPA Inst (19)

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

NewsJun 16, 2026Summary names “SEPA Instant”
ACI Worldwide Joins EPI and Powers Rabobank's iDEAL-to-Wero Migration
The payment technology company became an EPI technical service provider on June 15, while Rabobank confirmed ACI underpins the Dutch migration from iDEAL to Wero's SEPA Instant infrastructure.
External source · ACI Worldwide
NewsMay 27, 2026Summary names “Instant Credit Transfer”
TIPS June Release Enters Production with Five-Year ISO 20022 Upgrade
TIPS R2026.JUN enters production deployment on May 27, upgrading the instant payment platform from ISO 20022 Maintenance Release 2019 to 2024. The release adds One-Leg-Out Instant Credit Transfer settlement support ahead of the July 1 legal effective date.
External source · European Central Bank (TIPS R2026.JUN Milestones)
AnalysisMay 26, 2026Headline names “SEPA Instant”
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
AnalysisMay 18, 2026Headline names “SEPA Instant”
Five Change Requests Will Reshape SEPA Instant Payments in November 2027
The European Payments Council's public consultation on five proposed SCT Inst rulebook changes closes June 11, 2026. The proposals cover name field expansion from 70 to 140 characters, partial fraud recall, beneficiary-initiated repayment, ISO 20022 version alignment, and extended recall timelines. All approved changes take effect November 2027.
Operator source · European Payments Council
AnalysisMay 11, 2026Headline names “SCT Inst”
EPC Consults on Five SCT Inst Rulebook Changes for 2027
The five proposed amendments to the SEPA Instant Credit Transfer rulebook address name field capacity, partial fraud recovery, beneficiary repayment, recall timeline extensions, and ISO 20022 version alignment. All approved changes would become mandatory from November 2027, giving PSPs a 12-month implementation window after the November 2026 rulebook publication.
Operator source · European Payments Council
AnalysisMay 7, 2026Summary names “instant credit transfer”
Post-IPR Data: STEP2 Batch Credit Transfers Decline 5% While Direct Debits Grow 7%
STEP2 SCT processed 25.4 million transactions daily in Q1 2026, a 5% decline from Q1 2025. SDD Core grew 7% to 45.0 million daily from 42.2 million. The Instant Payments Regulation's pricing parity mandate is accelerating the shift from batch to instant credit transfer rails across European markets.
External source · EBA Clearing
AnalysisApr 27, 2026Headline names “SEPA Instant”
Wero's Autumn 2026 NFC Payments Will Use Card Rails, Not SEPA Instant
EPI plans for Wero NFC contactless payments from autumn 2026 will initially route transactions through existing CB, Visa, and Mastercard card networks. True account-to-account NFC payments bypassing card schemes are not expected until the second half of 2027.
External source · BPCE Group Newsroom
RegulationApr 17, 2026Headline names “SEPA Instant”
Non-Eurozone EU Banks Hit April Deadline to Receive SEPA Instant Payments
The EU Instant Payments Regulation hit two milestones on April 9: PSPs in non-euro EU member states must now accept inbound SCT Inst payments, and all payment service providers across the bloc face their first annual IPR compliance reporting obligation.
External source · European Banking Authority
AnalysisApr 11, 2026Headline names “SCT Inst”
Five SCT Inst Rulebook Changes Under Consultation Will Reshape Instant Payment Operations by 2027
The European Payments Council is consulting on five proposed changes to the SEPA Instant Credit Transfer scheme rulebook, covering name field expansion, ISO 20022 migration, partial fraud recalls, beneficiary-initiated repayments, and extended recall timelines. Approved changes take effect in November 2027.
Operator source · European Payments Council
NewsApr 7, 2026Summary names “SEPA Instant”
EPC Instant Payment Consultation at Point of Sale Closes April 10
Payment service providers have until April 10 to respond to the EPC's consultation on SEPA Instant Credit Transfer use at merchant terminals, a step toward standardizing account-to-account payment acceptance at physical points of sale across Europe.
Operator source · European Payments Council
Showing 10 of 19 · View all intelligence →

Wider coverage that mentions SEPA Inst (20)

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

NewsAug 14, 2026Text mentions “SEPA Instant”
N26 Activates Wero P2P Payments in Germany and France
The Berlin-based digital bank becomes the latest EPI member to activate the pan-European wallet, broadening Wero's reach to a mobile-first customer base across two core European markets.
External source · Crowdfund Insider
NewsJul 29, 2026Text mentions “SEPA Instant”
Lidl Becomes First German Food Retailer to Accept Wero Online
With 56 million activated wallets across the continent, Wero lands its first German grocery merchant as Schwarz Group brings the instant A2A payment option to Lidl.de.
External source · Lidl Deutschland
NewsJun 19, 2026Text mentions “SEPA Instant”
ACI Worldwide Joins EPI to Integrate Wero Across European Merchant Base
ACI separately disclosed on June 16 that it is powering Rabobank's Wero instant payments processing in the Netherlands.
External source · ACI Worldwide
NewsJun 10, 2026Text mentions “SEPA Inst”
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
RegulationJun 1, 2026Text mentions “Instant Credit Transfer”
ECB Adopts Legal Framework for Cross-Border Instant Payments Through TIPS
OLO ICT enables payment service providers to offer international instant transfers with upfront cost transparency and traceability for the euro leg.
External source · European Central Bank
RegulationMay 27, 2026Text mentions “SEPA Instant”
European Commission Opens MiCA Review Consultation, Reassessing Stablecoin Interest Ban
The European Commission published a consultation on 20 May seeking input on potential amendments to the Markets in Crypto-Assets Regulation, with responses due by 31 August. Topics under review include whether to maintain the prohibition on stablecoin interest and yield, how to extend regulatory coverage to decentralized finance, and revised rules for reserve requirements and multi-jurisdiction token issuance.
External source · CoinTelegraph
NewsMay 8, 2026Text mentions “SEPA instant”
Hectronic Integrates Wero QR Payments at European Charging Stations and Parking Machines
Hectronic is among the first mobility technology providers to embed Wero payments into physical infrastructure. Live operations will launch shortly, with fuel retail integration planned as a subsequent phase.
External source · Hectronic
AnalysisMay 2, 2026Text mentions “SCT Inst”
European Batch Credit Transfer Volumes Decline as Post-IPR Instant Migration Accelerates
STEP2 SCT batch credit transfer daily averages fell approximately 5% year-on-year in Q1 2026. TIPS EUR instant payment volumes surged 153% from January 2025 levels. The post-IPR structural shift from batch to instant clearing is producing measurably different outcomes across eurozone countries.
External source · ECB TARGET Services settlement statistics
AnalysisApr 27, 2026Text mentions “SEPA Instant”
Wero Adds Subscription Management and Event-Dependent Payments to European Wallet
EPI is expanding Wero beyond one-off payments with event-triggered conditional transactions already operational and recurring payment management targeting subscription services by year-end 2026, building the functional layers needed to displace card-on-file payment methods in European digital commerce.
External source · Stadt-Bremerhaven
NewsApr 21, 2026Text mentions “SEPA Instant”
BPCE Completes First Wero E-Commerce Transactions in France, Targeting 13 Million Customers by Summer
Launch merchants accepting Wero include the Ecole du Ski Francais, Orange, Sosh, Veepee, and DPD. SNCF is preparing its Wero checkout integration for the coming weeks.
External source · BPCE Group Newsroom
Showing 10 of 20.
Not listed here: 60 tagged articles that do not mention SEPA Inst. All coverage is in Insights.