On 24 September 2026 the ECB announced that its Governing Council had approved a feasibility assessment for TIPS Pix interlinking: a possible connection between the Eurosystem’s TARGET Instant Payment Settlement (TIPS) platform and Pix, the fast payment system owned and operated by the Central Bank of Brazil. The two central banks will work through technical,…
The EPC OCT Inst scheme has been live since 28 November 2023, and on 15 September 2026 the European Payments Council hosted its OCT Inst in Action webinar with payment service and infrastructure providers that were implementing or already offering OCT Inst-based services. If your firm uses the OCT Inst scheme for an international instant…
On 11 September 2026 the European Payments Council (EPC) published a small web tool with an outsized job: the Instant Credit Transfer Scheme Selector. It addresses an operational classification question for instant-payment design: does the use case fall under the SEPA Instant Credit Transfer (SCT Inst) scheme, the One-Leg Out Instant Credit Transfer (OCT Inst)…
On 8 July 2026, the Financial Stability Board’s Deputy Secretary General, Martin Moloney, told an OMFIF audience that the G20 Roadmap for Enhancing Cross-border Payments is approaching its finish line without having reached its destination. The G20 cross-border payments targets on cost, speed, transparency and access were set in 2021, and most of them fall…
A payment service provider that reads the PayNow Generation 2 study as a press release will be a step behind when the implementation roadmap lands at the end of 2026. On 25 June 2026, the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) set out four areas of enhancement to…
When a TARGET payment fails to settle, the operations team finds out before the supervisor does. A missed cut-off on the T2 large-value system, a securities leg that does not match in T2S, an instant payment that cannot reach a counterparty bank in another currency: these are the events that turn a quiet afternoon into…
The first mistake teams make with ECB Appia is filing it under the wrong roadmap. The name surfaces in payments newsletters next to SEPA instant credit transfers and the Verification of Payee deadline, so it gets read as the next step in the retail instant payments programme. It is not. Appia, and its short-term twin…
A standard SEPA credit transfer in euro must reach the payee’s payment service provider by the end of the next business day. That D+1 deadline comes from the Payment Services Directive, not from Regulation (EU) No 260/2012, the SEPA Regulation that search queries routinely attach to it. The ten-second obligation this page is built around…