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Stats › Intraday et microstructure de marché › Euro payments

Europe's large value payment system settled 431,067 payments a day in 2025, a quarter more than in 2018, on a smaller base of direct participants

AnnéePayments a dayValue a dayOperating days
2018346,8341,696bn euro255
2019344,1201,731bn euro255
2020345,0061.8tn euro257
2021373,468about 1.9tn euro258
2022399,2132,220bn euro257
2023409,4442,193bn euro255
2024421,8751,811.5bn euro256
2025431,0671,932.8bn euro255

European Central Bank TARGET annual reports and TARGET Services annual reports. The 2025 euro figures sit alongside a separate Danish krone leg of 11,425 payments and 1,641.9 billion krone a day, which is not included in the euro columns.

Daily volume rose 24 per cent between 2018 and 2025 while direct participants fell from 1,050 to 951. Value per day peaked in 2022 at 2,220 billion euro and has not returned there since.

431,067Payments a day, 2025
346,834Payments a day, 2018
951Direct participants, end 2025
2,220bn euro in 2022Peak daily value

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