When the EU Instant Payments Regulation made Verification of Payee mandatory for euro-area PSPs on 9 October 2025, the open question was how quickly a brand-new pan-European scheme could actually scale. Six months in, the answer is clear: fast. Here is where adoption stands in 2026.
Adoption by the numbers
- 2,700+ PSPs joined the EPC VoP scheme within the first six months of mandatory operation.
- ~55 routing mechanisms (RVMs) interconnect participants across SEPA.
- EBA Clearing's fraud-detection overlay alone reached 55 participants across 14 countries — over 40% of combined STEP2 and RT1 traffic.
- The euro-area mandate took effect 9 October 2025; non-euro EEA states follow on 9 July 2027.
What the trajectory tells us
The scheme is not just live — it is consolidating. The EPC published rulebook v1.1 (effective 20 September 2026) to refine real-world edge cases, and a v2.0 is already in motion. By the 2027 non-euro deadline, participation is expected to exceed 3,000 PSPs, creating verification coverage across virtually every account in SEPA.
- 1 Coverage keeps widening: more participants means fewer 'verification not possible' outcomes.
- 2 The rules keep maturing: rulebook versions are tightening consistency between PSPs.
- 3 The next frontier is cross-border name matching at pan-European scale as non-euro states join.
Adoption is a moving target
These figures shift every quarter. The direction is what matters: VoP is becoming the default safeguard on SEPA credit transfers.
Wherever you are on that curve, RoxPay gives you scheme-compliant Verification of Payee through one integration — with reach that grows as the network does. Figures reflect publicly reported scheme data as of mid-2026.