Finance & payments · EU
Verification of Payee
Payment providers in non-euro EU states must send instant euro payments and check payee names by July 2027.
ForHeads of payments and fraud at banks and payment institutions in non-euro EU member states.
What’s changing, and when
The Instant Payments Regulation requires payment providers to offer instant euro credit transfers and to check that the payee's name matches the account before a transfer is made. Providers in euro-area Member States have done so since 9 October 2025. In non-euro Member States, receiving instant payments is due by 9 January 2027, and sending them with verification of payee by 9 July 2027.
- 9 Jan 2027 Non-euro states: receive instant payments
- 9 Jul 2027 Non-euro states: send, and verify the payee
Why it can’t happen in one step
Every bank has to reach every other to check names in seconds, and schemes, systems and customer journeys all change at the same time.
How Polymonial carries you across
- Payee details reach only the bank entitled to check them, secure for it alone.
- Records of every payment check that cannot be quietly changed.
Trust that travels.
Secure, trusted and under your control.