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IPR: A Compliance Team's Quick-Start Guide
Navigate the EU's Instant Payments Regulation with ease. This quick-start guide gives compliance teams of PSPs pointers for ensuring IPR compliance.
IPR: A Compliance Team's Quick-Start Guide
2025The 9th of January marked the day that Payment Service Providers (PSPs) in the EU had to start complying with the Instant Payments Regulation (IPR). This means that all banks and payment companies must now be able to receive instant payments. By October 2025, these companies also have to be able to send instant payments.
The IPR is a critical step towards real-time financial transactions and will require compliance teams re-assessing their current technological capabilities and overhauling from legacy infrastructures. This is a big challenge given the need for serious tech upgrades - but it is also an opportunity to establish frictionless cross-border payments.
In this quick-start guide, we recap some of the most important dates associated with the IPR, what this practically means for compliance teams, and how solutions such as spektr can serve as a great helping hand.
Want to see how spektr can upgrade your compliance process? Reach out for a personalized demo today!
spektr as been certified by Mastermind Assurance LLC to ISO/IEC 27001:2022 (MMIND-24082301) and ISO/IEC 42001:2023 (MMIND-24102801).
