European Real-Time Payments Trends Report 2021 Featuring Bankgirocentralen BGC, DKB Kreditbank, Express Elixir, ING Bank, N26 Bank, P27, & Target Instant Payment Settlement -

DUBLIN--()--The "2021 Key Trends of the Payment Industry. Real-Time Payments in Europe" report has been added to's offering.

The report gives insights into the process of adoption of real-time payments by the European countries. The publication shows that Europe has been experiencing a significant surge in real-time payments amid the COVID-19 pandemic and is going to maintain its leading position in the future.

Europe is further digitalizing payment methods by developing infrastructure for real-time fund transfers amid COVID-19

The shift to digital payments has accelerated even further due to the nature of the health crisis. According to the report, Western Europe is expected to rapidly adapt to real-time payments and account for one-fifth of the total value in the world by 2025. What is more, the European Central Bank intends to include all payment providers in the system of real-time payments across the euro area by the end of 2021.

The COVID-19 crisis further strengthened the trend of real-time payments in Europe

Amid the pandemic, most European markets experience significant growth in volumes and values of real-time fund transfers. For example, the United Kingdom has seen the largest year-on-year growth rates during the Autumn months of 2020, and the Netherlands underwent a four-digit percentage rise.

Additionally, the countries of Northern Europe have created a plan of action to introduce real-time payments in the framework of the P27 program, starting from mid-2021.

Key Topics Covered:

  • Main Drivers and Challenges for Real-Time Payments Adoption, December 2020
  • Values of real-time Payments, in USD trillion, and Share of West Europe in the World's Total, in %, 2020 & 2025f
  • Profile of Real-Time Payments, and Objectives of the European Commission for 2021, December 2020
  • Share of SCT Inst in All SEPA Credit Transfer Transactions, October 2019 - September 2020
  • Average Daily Transaction Value via RT1 real-time Payments, in EUR million, and Month-on-Month Change, in %, January 2020 - November 2020
  • TIPS Profile and 2021 Objectives, December 2020
  • Share of SEPA Payment Service Providers that Support SEPA real-time Payments, in %, October 2020
  • P27 Payment Service Profile, December 2020
  • P27 Current News, December 2020
  • Share of Daily Real-Time Payments via the Bankgirot System, in % of Total, 2020
  • Number of Processed Transactions in the Bankgirot Real-Time Payment System, in millions, and Year-on-Year Growth, in %, January 2020 - November 2020
  • Availability of Real-Time Payments Option, by Selected Banks, September 2020
  • Value of Real-Time Payments via the Swiss Interbank Clearing (SIC) System, In CHF billion, and Year-on-Year Change, in %, January 2020 - October 2020
  • Shares of Real-Time Payments in Total Single Credit Transfers, in %, November 2020
  • Volume of Real-Time Payments, in thousands, February 2019 & October 2020
  • Value of Faster Payments via, in GBP billion, and Year-on-Year Change, in %, December 2019 - December 2020
  • Shares of Faster Payments in Total Payments, in %, November 2019 & November 2020
  • Volume and Value of Payments via the Hungarian Real-Time Credit Transfer Scheme (AFR), in millions, and in HUF trillion, March 2020 & September 2020
  • Volume of Transfers via Express Elixir Real-Time Payment System, in PLN billion, and Volume, in millions, November 2019 & November 2020
  • Real-Time and Continuous Transfer of Funds (FAST), December 2020
  • Share of Consumer Fund Transfers via the Faster Payment System, in % of Total, December 2020
  • Awareness of the Fast Payment Service offered by the Central Bank, in % of Respondents, September 2020
  • Average Daily Value of Payments via the Faster Payment System, in RUB million, January 2020 & September 2020

Companies Mentioned

  • Bankgirocentralen BGC AB
  • DKB Kreditbank AG
  • Express Elixir
  • ING Bank NV
  • N26 Bank GmbH
  • P27 Ltd
  • Target Instant Payment Settlement (TIPS)

For more information about this report visit

Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900