Background information

Overview of key achievements and milestones since the launch

February 2019

RT1 reaches critical mass in Germany and now provides instant payment coverage to 1,700+ PSPs in Germany via seven participants.

January 2019

RT1 passes 10-million-transaction mark.

October 2018

RT1 passes 5-million-transaction mark and reaches PSPs in 12 countries. The system processes over 70,000 real-time payments in euro per day.

July 2018

RT1 expands reach to over 1,000 payment service providers.

April 2018

Instant payment system RT1 hits 1-million-transaction mark: RT1 has processed EUR 635 million since its launch on 21 November 2017.

Overview of key achievements and milestones towards the launch

November 2017

Successful go-live of RT1 with 17 participants from eight countries and 500+ addressable entities.

June 2017

White paper on how to ensure smooth take-off for euro instant payments published by EBA CLEARING.

April 2017

Launch of the name of EBA CLEARING’s pan-European instant payment solution, RT1.

Successful execution of the first user testing activities.

January 2017

Successful kick-off of the testing phase with representatives of the funding institutions at the premises of SIA in Milan.

September 2016

The community of financial institutions preparing to join the future service in 2017 or 2018 has nearly doubled in size from the project kick-off in April with close to 40 supporting banks.

July 2016

Delivery of the first version of the specifications for the new service, covering: the functional description and interface specifications. The documents are available to entities intending to join the service at the launch date or during a joining window in 2018.

June 2016

Sneak preview of the system design, functionality and interface specifications at EBAday in Milan.

April 2016

Formal decision on kick-off of the development and implementation project with the support of close to 40 funding institutions operating across SEPA. Invitation to the funding institutions to contribute to finalising the system design, functionality and interface specifications through their participation in the newly created instant payment project working group.

February 2016

Selection of SIA as preferred provider based on the results of the call on the EBA CLEARING user community across Europe to seek user commitment for the development of the solution and the related funding.

October 2015

Launch of a Request for Proposal (RFP) process to search for a technical solution provider capable of implementing and running an instant payment infrastructure solution of pan-European scale.

Publication of a second version of the blueprint containing a shared testimony on the requirements by PSPs following the consultation process and an update in the light of the future SCT Inst Scheme under development at the level of the European Payments Council (EPC).

June 2015

Publication of the blueprint and roadmap on the EBA CLEARING website and kick-off of an extensive consultation exercise with the wider user and stakeholder community. The feedback resulting from this consultation process served as key input for the preparation of the Company’s engagement in the next phase towards implementation.

February 2015

Set-up of an instant payment task force of over 20 representatives of infrastructure service users from all over Europe with the mission to create a 2015 – 2018 roadmap for the delivery of an inter-PSP infrastructure solution at a pan-European level, and to elaborate a blueprint setting forth the high-level requirements.

December 2014

EBA CLEARING puts its instant payment initiative on a fast track following a call for action issued by the Euro Retail Payments Board (ERPB). The ERPB had expressed the need for at least one pan-European instant payment solution for euro open to any payment service provider (PSP) in the European Union, and had invited the supply side to assess the issues related to the delivery of any such solution.


Review by EBA CLEARING of trends within the payments markets for improvement of existing payment systems.

Conclusion: the objective of meeting the demands for immediate processing on a 24/7/365 basis would benefit from a pan-European approach, and should be pursued collaboratively.