Dáil Éireann Debate, Tuesday - 10 February 2026
417. Deputy Peter 'Chap' Cleere asked the Tánaiste and Minister for Finance the total amount of SEPA instant payments made in Ireland to December 2025; and the average payment value; and if he will make a statement on the matter. [10036/26]
View answerAs the Deputy may be aware, instant credit transfers (or instant payments) are a form of credit transfer whereby funds pass from the payer’s account to the payees within 10 seconds, at any time, day or night, and any day of the year. This distinguishes instant payments from other credit transfers, which are processed by Payment Service Providers (PSPs) during business hours; with the funds credited to the payee only by the end of the following business day. In accordance with the Instant Payments Regulation, banks are required to be capable of receiving instant payments since January 2025 and capable of sending instant payments since October 2025.
The Central Bank of Ireland has informed me that in 2023, €8,253,056,630.25 worth of SEPA instant credit transfers were made with an average value per transaction of €309.12. In 2024 this figure more than doubled to €19,077,593,866.85 worth of SEPA instant credit transfers, with an average value per transaction of €323.25. Data for 2025 is not yet available.
The Central Bank has advised that 2025 data will be available by the end of April.
