QA2019-39 - Scope of payment services

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Feb 01, 2024
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QA2019-39

Question


Should we limit the payment services to payments related to clients but not linked to a transaction between the client and the bank? For example, should we take into account the payments done with a client in relation with its dealing room activities in the payment’s figures?


Response


In line with the ECB Payment Statistics, Payments initiated by banks and executed without a specific transaction order, i.e. without the use of a payment service, by simple book entry in the account of a customer, are not included. (see Payment statistics methodological notes, https://sdw.ecb.europa.eu/servlet/desis?node=1000002018).