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25 November 2020

Results of the EPC poll on future share of Instant Credit Transfer (SCT Inst) volumes

Substantially more than half of the voters (59%) agreed on a predicted share of volumes in total Credit Transfer volumes above 20% by end-2022 v 7.5% currently.

November 2017 marked a major event in an increasingly instant world: the launch of the Single Euro Payments Area  Instant Credit Transfer, which enables credit transfers in ten seconds – or less – across the . Since its launch, the SCT Inst"> scheme has kept on growing, and the latest Register of Scheme Participants, published in November 2020, reveals that the scheme now includes 2,287

(over fifty-seven percent of the total) from 23 countries in Europe. 

Furthermore, the estimated share of the volumes in total volumes of Credit Transfer ( plus SCT Inst"> ) is growing rapidly and reached 7.47 percent in the third quarter of 2020. Against that background, the invited professionals working in the payments industry to provide their views on the Q4-2022 level of the share of volumes, by participating in a poll.  


                Estimated share of INST volumes in total CT ( + INST) volumes Q3 2020 

The question asked over the last two months to all interested stakeholders was the following: “In your opinion, what will be the volumes’ estimated share in total CT volumes ( +) in Q4-2022? (Latest data: 7.47% in Q3 2020)”

The results were as follows:
Less than 10% (20%)
11-20% (22%)
21-30% (20%)
31-40% (19%)
Above 40% (20%)

The results were spread virtually equally across the various ranges showing a wide diversity of opinions, but it is however worth highlighting that substantially more than half of the voters (59%) agreed on a predicted share of volumes in total CT volumes above 20% by end-2022. Remaining voters chose 11-20% (22%) or less than 10% (20%). See you in January 2023 for the reality check!


© European Payments Council

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