The European Payments Council (EPC) has published version 4.0 of the SEPA Request-to-Pay (SRTP) scheme rulebook, which covers the set of operating rules and technical elements (including messages) that allow a Payee to request the initiation of a payment from a Payer in a wide range of physical or online use cases.
The new rulebook focuses on the need to simplify and clarify the SRTP scheme, while keeping it stable. It includes complementary reasons codes for clarity purposes, the definition of a number of options, the mandatory registration in the EPC Directory Service (EDS), the addition of sealing requirements for security purposes in the Application Programming Interface (API) specifications, and a simplification of the homologation process.
This new version introducing several enhancements aimed at improving clarity, security, and ease of use is set to go into effect on 5 October 2025.
The EPC has also published the completed change proposal submission document of the 2024 public consultation , including the decision of the Board on each change proposal.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
