Instant Payments Report
The Instant Payments Report (IPR) is an annual EU reporting requirement for Payment Service Providers (PSPs) offering SEPA credit transfers. Firms must report:
SCT and SCT Inst volumes and values (sent and received)- Fees charged for credit transfers and payment accounts
- Total number of payment accounts and associated charges
- Sanctions-related rejects and freezes (national vs cross-border split)
Submissions are made annually in XBRL using EBA templates.
Legal basis: Article 15(3) of SEPA Regulation (EU) No 260/2012, with ITS under Article 15(5), as amended by the EU Instant Payments Regulation (EU) 2024/886.
What's the scope?
Entities in scope
PSPs in euro member states and PSPs in non-euro member states offering euro credit transfers.
Activity / Nexus
Provision of SEPA credit transfers (SCT) and/or SEPA Instant Credit Transfers (SCT Inst).
Deadline
First submission: 9 April 2026
Reporting frequency
Annual (with retrospective backfill requirement of 4 years)
File format
XBRL using EBA templates, taxonomy, and validation rules, then submitted to the relevant NCA
Data fields needed (core templates)
There are 4 core templates (6 if you include non-euro member state firms):
- Template 1.1 (Volumes): SCT + SCT Inst transfers sent/received, transaction counts and total values, split by national vs cross-border
- Template 2.1 (Charges): fees charged for SCT + SCT Inst sent/received, split by national vs cross-border
- Template 3 (Accounts): total number of payment accounts and total account charges (incl. maintenance fees)
- Template 4 (Sanctions): Number and % of SCT Inst rejected/frozen due to sanctions screening, split national vs cross-border
Note: Templates are linked — totals and splits should reconcile across them.
Reporting considerations to keep in mind
Backfill year 1
The first submission = four reports ‼️ (2022 partial: 26 Oct–31 Dec, then full years 2023–2025)
Cross-check
Totals for transfers and accounts should align with other returns (e.g. Payment Statistics)
Steps to submission
A practical, step-by-step overview of how to prepare, reconcile, and submit your IPR.
Map ownership
Map which licensed entities/branches report to which CA (home vs host).
Separate sanctions
Tag/extract “rejected/frozen” due to sanctions vs other fail reasons.