'/%3e%3cuse xlink:href='%23a' transform='scale(-1 1)'/%3e%3c/g%3e%3cg id='c'%3e%3cuse xlink:href='%23b' transform='rotate(72)'/%3e%3cuse xlink:href='%23b' transform='rotate(144)'/%3e%3c/g%3e%3cuse xlink:href='%23c' transform='scale(-1 1)'/%3e%3c/g%3e%3c/defs%3e%3cpath fill='%23039' d='M0 0h810v540H0z'/%3e%3cg fill='%23fc0' transform='matrix(30 0 0 30 405 270)'%3e%3cuse xlink:href='%23d' y='-6'/%3e%3cuse xlink:href='%23d' y='6'/%3e%3cg id='e'%3e%3cuse xlink:href='%23d' x='-6'/%3e%3cuse xlink:href='%23d' transform='rotate(-144 -2.344 -2.11)'/%3e%3cuse xlink:href='%23d' transform='rotate(144 -2.11 -2.344)'/%3e%3cuse xlink:href='%23d' transform='rotate(72 -4.663 -2.076)'/%3e%3cuse xlink:href='%23d' transform='rotate(72 -5.076 .534)'/%3e%3c/g%3e%3cuse xlink:href='%23e' transform='scale(-1 1)'/%3e%3c/g%3e%3c/svg%3e){kind=small}
🌍
Jurisdiction
European Union
📅
Effective Date
2024
Apr 9, 2024
✅
Full Compliance
2025
Oct 9, 2025
🏛️
Regulator
European Central Bank
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).
Scope & Coverage
Instant PaymentsSEPA Credit TransfersVerification of Payee
Key Requirements
1
Instant payment availability 24/72
Price parity with regular transfers3
Verification of Payee4
10-second executionKey Notes
Enhances PIS use cases. VoP reduces payment fraud risks.
Official Resources
Related Regulations
Other open banking frameworks in Europe:
'%3e%3cpath fill='%23012169' d='M0 0v30h60V0z'/%3e%3cpath stroke='%23fff' stroke-width='6' d='m0 0 60 30m0-30L0 30'/%3e%3cpath stroke='%23C8102E' stroke-width='4' d='m0 0 60 30m0-30L0 30' clip-path='url(%23b)'/%3e%3cpath stroke='%23fff' stroke-width='10' d='M30 0v30M0 15h60'/%3e%3cpath stroke='%23C8102E' stroke-width='6' d='M30 0v30M0 15h60'/%3e%3c/g%3e%3c/svg%3e){kind=small}
Need to comply with EU Instant Payments Regulation?
Explore API aggregators that support European Union compliance.