Core Insights - The Instant Payments Regulation (IPR) marks a significant shift in the payments landscape, transitioning instant transfers from a niche service to a mainstream expectation in Europe [1] - By 2035, SEPA Instant Payments (SCT Inst) are expected to become the "new normal" for electronic payments in European commerce [1] Market Readiness and Compliance - Financial institutions are preparing to comply with SCT Inst mandates, with all 60 bank respondents indicating full compliance with January 2025 requirements, and over half (55%) already compliant with July 2027 mandates [6] - The industry shows a positive attitude towards SCT Inst, with 73% of survey respondents believing it will positively impact the industry, benefiting customers (69%) and institutions (65%) [6] SCT Inst Adoption Expectations - Institutions expect that by 2035, at least two-thirds of SCT volumes will transition to SCT Inst, with an average expectation of 75% of all SCT volumes becoming instant [6] - Celent forecasts that SCT Inst volumes will surpass traditional SCT volumes by 2030 and will continue to grow, capturing a significant share of the payments market [6] Market Impact - SCT Inst is projected to become the second most used non-cash payment type by 2035, representing 18% of all payments [6]