On 30 November 2021, the European Payments Council published the second version of Single Euro Payments Area (SEPA) Request-To-Pay (SRTP) Scheme Rulebook, which is based on the comments received in response to a three-month public consultation on the proposed change requests to the first version of SRPT scheme rulebook.

This SRTP scheme rulebook is composed of a set of rules, practices, standards and requirements which allows any eligible RTP Service Provider to join, participate and operate in the scheme. It also allows a payee to request the initiation of a payment from a payer in a wide range of physical or online use cases.

The related Implementation Guidelines will be published by 24 December 2021 and the SRTP will come into effect on 1 June 2022.

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