EU Instant Payments Regulation 2024
Mandatory instant payments for PSPs. VoP (Verification of Payee) mandatory since Oct 2025 for instant transfers. Full VoP all transfers from 2027.
Sectors
Articles (24)
Article 1 — Amendments to Regulation (EU) No 260/2012Article 5a — Instant credit transfer transactionsArticle 5b — Charges in respect of credit transfers and verification of the payeeArticle 5c — Verification of the payee in the case of credit transfersArticle 5d — Screening of PSUs by PSPs that offer instant credit transfers to verify whether a PSU is a person or entity subject to targeted financial restrictive measuresArticle 15 — ReviewArticle 2 — Amendments to Regulation (EU) 2021/1230Article 3 — Amendments to Directive (EU) 2015/2366Article 35a — Conditions for requesting participation in designated payment systemsArticle 4 — Amendments to Directive 98/26/ECArticle 5 — Transposition of amendments to Directives (EU) 2015/2366 and 98/26/ECArticle 6 — Entry into forceAmendments to Regulation (EU) No 260/2012Instant credit transfer transactionsCharges in respect of credit transfers and verification of the payeeVerification of the payee in the case of credit transfersScreening of PSUs by PSPs that offer instant credit transfers to verify whether a PSU is a person or entity subject to targeted financial restrictive measuresReviewAmendments to Regulation (EU) 2021/1230Amendments to Directive (EU) 2015/2366Conditions for requesting participation in designated payment systemsAmendments to Directive 98/26/ECTransposition of amendments to Directives (EU) 2015/2366 and 98/26/ECEntry into force