SEPA Instant Credit Transfer rollout across Europe (2017–2020)

1. EU SEPA migration deadline drives standardisation

   Aug 1, 2014Labels: SEPA framework

   • EUR Lex
   • EUR Lex 260

2. ERPB highlights risk of fragmented instant payments

   Dec 9, 2014Labels: Euro Retail

   • ECB PR

3. ECB decides to build TIPS settlement service

   Jun 22, 2017Labels: ECB, TIPS

   • ECB PR

4. SCT Inst scheme officially launches

   Nov 21, 2017Labels: SEPA Instant

   • ECB Explainer
   • ECB Target AR

5. EBA CLEARING RT1 goes live for SCT Inst

   Nov 21, 2017Labels: EBA CLEARING, RT1

   • EBA PR
   • EBA RT1

6. ECB launches TIPS for instant settlement

   Nov 30, 2018Labels: TIPS, ECB

   • ECB PR

7. SCT Inst expands participation after first year

   Dec 3, 2018Labels: SCT Inst

   • EPC Insight

8. Maximum SCT Inst amount increases to €100,000

   Jul 1, 2020Labels: SCT Inst

   • EPC Insight

9. Commission proposes EU-wide instant payments legislation

   Oct 26, 2022Labels: European Commission

   • EC Proposal

10. EU adopts Instant Payments Regulation (IPR)

    Mar 13, 2024Labels: Instant Payments

    • EUR Lex 2024

11. Instant Payments Regulation enters into force

    Apr 8, 2024Labels: Instant Payments

    • EC Clarification

12. First IPR compliance date begins for PSPs

    Jan 9, 2025Labels: Payment service

    • EC Clarification