SCT Inst — Payment Network Profile | nonusd
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Europe
2017-11
SCT Inst
SEPA Instant Credit Transfer
🏳️ 36 SEPA countries (EU/EEA + UK, Switzerland, etc.)
EUR (Euro)
Issuer
European Payments Council (EPC)
Visit issuer →
Payment Types
Credit transfers (instant)
P2P
P2B
B2B
Government payments
Key Features
Pan-European instant credit transfers
IBAN-based addressing
ISO 20022 messaging standard
Settled via TIPS (TARGET Instant Payment Settlement) or RT1 (EBA Clearing)
Maximum 10-second processing
EU Regulation 2024/886 mandates universal adoption
Statistics
coverage
36 countries
availability
24/7/365
bank adoption
60%+ of European banks offer instant transfers; 100% mandated by end of 2025
settlement time
Under 10 seconds
transaction limit
Up to €1,000,000 (raised in 2025)
share of credit transfers
23% of all SEPA credit transfers (H1 2025)
Profile
Network
SCT Inst
Full Name
SEPA Instant Credit Transfer
Country
🏳️ 36 SEPA countries (EU/EEA + UK, Switzerland, etc.)
Currency
EUR (Euro)
Region
Europe
Launched
2017-11
Issuer
European Payments Council (EPC)
Links
Issuer
www.europeanpaymentscouncil.eu
Product
www.europeanpaymentscouncil.eu/what-we-do/sepa-instant-credit-transfer
Developer
www.europeanpaymentscouncil.eu/document-library
Made by
@dylansz_
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