| Facts & figures | |
|---|---|
| Currency | euro |
| Launch | 2018 |
| Settlement model | Real time, central bank money |
| Scheme | SEPA Instant Credit Transfer (SCT Inst) |
| Opening hours | 24/7/365 |
| Transaction limit | No upper limit |
| % of payments processed in TIPS in less than 5 seconds | 99% |
| Price | €0.002 per transaction |
| Regulator | European Central Bank |