EU Instant Payments Regulation

Regulation on Instant Credit Transfers in Euro

ActivePayment ServicesEurope
European Union • Regulated by European Central Bank / National regulators
📅
Effective Date
Apr 2024
Full Compliance
Oct 2025
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Regulator
European Central Bank / National regulators
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Scope Areas
3

Overview

Requires all EU payment service providers to offer instant euro transfers at the same or lower price than regular transfers. Includes mandatory Verification of Payee (IBAN-name check).

Note: Enhances PIS use cases. VoP reduces payment fraud risks.

Applicable Countries

This regulation applies to all 27 EU Member States:

Scope & Coverage

This regulation covers the following areas and services:

Instant PaymentsSEPA Credit TransfersVerification of Payee

Key Requirements

Instant payment availability 24/7
Price parity with regular transfers
Verification of Payee
10-second execution

Timeline

Effective Since
April 9, 2024
Full Compliance Deadline
October 9, 2025

Official Resources

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