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Facts and figures

Currencies

Euro, Swedish krona

Launch 2018
Settlement model Real time, central bank money
Scheme SEPA Instant Credit Transfer (SCT Inst)
Opening hours 24/7/365
Transaction limit No upper limit
% of payments processed in TIPS in less than five seconds 99%
Price*

€0.002 per transaction (fee is shared equally between the sending participant and the receiving participant in TIPS)

Regulator European Central Bank

*The pricing structure for the TARGET Instant Payment Settlement (TIPS) platform is applicable as of 1 January 2024.

TIPS reachable parties

List of TIPS direct participants and reachable parties (Last update: 3 June 2024)

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