An article by
Dr. Martin Berger
Table of content
In April 2023 there will be another snapshot from us that shows how financial institutions and payment service providers are currently participating in the SEPA Instant Scheme and, in particular, estimates the spread of real-time transfer in interbank payment transactions.
Notable news from April 2023
- The proportion of SCT participants in the entire SEPA area who are also SCTInst participants remains at 27%.
- However, this ratio experienced strong gains of 25% in Andorra, 7% in Estonia and 4% in Greece in the last two months.
- The transaction volume of real-time transfers continues to rise steadily.
Spread of real-time transfer: Comparison of SCT Inst vs. SCT in the SEPA area
Based on the data from ECB, from EBA Clearing and the Bundesbank’s directory of available payment service providers, the total number of payment service providers participating in SCT in the SEPA countries (measured using their BIC bank codes) is set in relation to the number of those opted for SEPA instant payments implementation. The following overview shows the BIC bank code count per country for SCT Inst in relation to SCT for the countries of the SEPA area.
To explain the key figure Ratio SCTInst/SCT BIC-Bankcodes:
- A ratio of 100% for a country means that all SCT participating BIC bank codes also participate in SCT Inst.
- A ratio of 0% for a country means that no SCT participating BIC also participates in SCT Inst.
Spread of real-time transfer: Number of BIC bank code participants in TIPS and RT1
The following figure shows the number of BIC bank codes participating in TIPS and RT1 in the period from May 2020 to April 2023:
Current transaction statistics of EBA Clearing
The figure below shows the average daily SEPA real-time transfer transaction volume processed via RT1 from January 2020 to March 2023:
Are you as a bank interested in software solutions for SEPA real-time transfer?
Among other things, we offer high-performance software solutions for processing SCT Inst transfers, which allow your bank to flexibly connect one or more core banking systems and clear SEPA instant payments accordingly via interfaces to TIPS or RT1.
If you have any questions or suggestions or you are interested in the topic of payment transactions, instant payment and related software products, please do not hesitate to contact us.
This article is part of a bi-monthly series and appears in our blog category on SEPA instant payments.
External data sources:
- ECB TIPS facts (03.04.2023)
- EBA Clearing RT1 participants (04.04.2023)
- Bundesbank Verzeichnis der erreichbaren Zahlungsdienstleister (24.04.2023)