Payments

Instant Payments Regulation: Checklist for businesses

From 9 October 2025, the Instant Payments Regulation (IPR) becomes reality in Finland. This means that euro payments will move instantly, 24/7, 365 days a year, and a new layer of security, Verification of Payee (VoP), will be part of the process. To help you prepare, we’ve pulled together the key things to keep in mind.

Store owners discussing over digital tablet by drink cans

Your quick checklist for IPR

Instant speed: Payments within the SEPA area will reach the recipient's account in seconds, not days, if you select instant. 

Notable availability: You can send and receive instant payments around the clock, every day of the year. 

Seamless transactions: The current EUR 100,000 cap on cross-border instant euro payments will be removed. 

Thorough verification: The recipient's name and IBAN will be checked before single payment to reduce fraud and errors for online payments. 

Alternative for corporates: If you send payments in bulk, you can choose to opt out of VoP. 

Non-reversible transfers: Once sent, instant payments are final. If you need to reverse a payment, you must request a refund from the recipient. 

Timely preparation:  Check your billing details and plan your treasury processes to adapt to the new system.

 

What we recommend you do now

  • Make sure you use your exact legal company name in your invoices so your customers’ payments will reach you without delays.
  • Make sure the payee details in your outgoing payment flows are up to date. This way you can safely opt-out from using Verification of Payee.
  • Plan your treasury processes. Instant payments open new ways to manage liquidity. Consider how this could improve your cash flow and operations.
  • Look into automation. Our APIs support real-time payment flows and payee verification directly in your systems.

We’re ready to support you in this transition. If you’re unsure how IPR affects your business, reach out to your Nordea Cash Management representative or visit nordeaopenbanking.com for more details about our Premium API offering. 

See also

Payments
Insights
Corporate insights
After reading this article, is your perception of Nordea?
Car in curved road passing through the mountains

Sustainability

Nordic companies stick to climate goals despite global uncertainty

Amid geopolitical tensions and fractured global cooperation, Nordic companies are not retreating from their climate ambitions. Our Equities ESG Research team’s annual review shows stronger commitments and measurable progress on emissions reductions.

Read more
Mining

Sector insights

RESourceEU in the age of geoeconomics: Nordic companies positioned to seize opportunities

As Europe shifts towards strategic autonomy in critical resources, Nordic companies are uniquely positioned to lead. Learn how Nordic companies stand to gain in this new era of managed openness and resource security.

Read more
Buses on the street at the financial district of London

Open banking

How APIs power the real-time payments revolution in banking

The financial industry is right now in the middle of a paradigm shift as real-time payments become the norm rather than the exception. At the heart of this transformation are banking APIs (application programming interfaces) that enable instant, secure and programmable money movement.

Read more