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Making instant payments attractive for EU citizens

Day 2 Morning

Thursday 27 April

Room :



Alexandra Jour-Schroeder
Deputy Director-General - DG for Financial Stability, Financial Services and Capital Markets Union, European Commission
Public Authorities
Gabriel Cumenge
Sous-directeur des banques et des financements d'intérêt général - Ministry of the Economy, Finance and Industrial and Digital Sovereignty, France
Giuseppe Grande
Deputy Head of Market and Payment Systems Oversight - Banca d'Italia
Tim Hermans
Executive Director - National Bank of Belgium
Industry Representatives
Marianne Demarchi
Head of European Strategic Accounts - SWIFT
Perrine Kaltwasser
Deputy General Manager of Risk, Compliance and Conglomerate Supervision & Member of the Executive Committee - La Banque Postale
Other stakeholder & expert
Martina Weimert
Chief Executive Officer - EPI Interim Company SE


The EU benefits from various operational infrastructures able to make instant payments. However instant payments represent in 2022 only one-in-ten credit transfers in euro in the EU. This is even lower in case of transfers between two Member States.

To address the situation, the Commission proposed a set of measures aimed at increasing the availability and use of instant payments in euro:

  • All payment services providers must offer instant payments in euro to all customers.
  • The charges for instant payments in euro must be equal to or lower than the charges for non-instant euro credit transfers.
  • A specific compulsory of the account number and the name of the payment beneficiary to shield from fraud.
  • Mandatory harmonised and daily procedure for sanctions screening.

The session will therefore focus on clarifying what are the stakes of a successful roll out of instant payments, the cost-effective opportunities that should be targeted in the member states and for cross border payments in the EU, and the obstacles still present that should be addressed.
Finally, the session will assess the benefits of the proposed EU legislation and the role of the private sector and members stated in completing instant payment adoption in the EU.

Points of discussion

  1. What are the main use cases addressed in the EU by instant payments? What is the expected benefits in terms of costs, usability, …? What is expected from instant payments to further achieve regarding the Single European Payment Area?
  2. What are the main legal, technical, commercial, and financial challenges? What are the expected contributions of the diverse existing EU public or private initiatives and infrastructure?
  3. What is the anticipated impact of a Digital Euro on instant payment initiatives?
    What is limiting the instant payment business case? How to combine domestic initiatives and priorities with EU wide ones?