• Instant payment numbers in Spain rise by 31.1% with a 186.4% increase in value as growth rate surges.
• Landmark year for payments: Verification of Payee, One-Leg-Out cross-border instant payments, Request to Pay and new anti-fraud services Payguard and Valitic.
• Iberpay completed the modernisation of its real-time infrastructure with Nextia, a new cloud-ready technology platform to support expansion and new services

2025 was another record year for instant payments in Spain, with 1,556.3 million transactions processed, a 31.1% rise on 2024 and near doubling of the previous year’s growth rate (+17.4%). Total transaction value was €436,660 million, up 186.4% on 2024. Driving these numbers was a surge in the use of instant payments for digital banking and corporate (B2B) payments, which involve much higher average values than Bizum peer-to-peer (P2P) payments and explain the leap in total transaction value.

2025 was also a big year for advances in account-to-account (A2A) payments, with steps forward in pre-payment verification, international payments and strengthened anti-fraud capabilities:

• Iberpay successfully rolled out pre-payment Verification of Payee across the whole Spanish banking community, a requirement of the European Instant Payments Regulation, and now deals with 2.6 million verifications on average per day.
• In cross-border payments, the One-Leg-Out (OLO) instant payment service had 90 participants—93% of the Spanish payments community—and launched pioneering first-in-Europe commercial services. Last quarter, the system processed more than 1,600 transactions from countries across the world, including Mexico, the USA, the UK, Canada and Australia.
• The first commercial services for companies and the first SEPA Request-to-Pay (RTP) services for businesses handled 1,076 transactions in 2025. Some use cases, such as invoice collection, achieved acceptance and payment levels of over 30%.
• At the same time, Iberpay bolstered the industry's anti-fraud defences. Its Payguard service continued to attract new members, a sector working group brought together anti-fraud experts from more than 20 institutions, and use of the Valitic service, which checks account ownership against IDs, rose by 114.2%.

The payment system in 2025

The Spanish national payments system (SNCE) - a European payments infrastructure used by virtually all banking institutions working in Spain and Andorra to process and settle their account-to-account payments, also hit historical highs in 2025. During the year it dealt with 3,424 million transactions, 7.5% more than in 2024, with a combined value of nearly €3.1 billion, up 9.7% year-on-year. This means that in an average day it processed 13.8 million transactions worth a combined €12,014 million.

Nextia: Iberpay's new cloud-ready technology infrastructure

We are seeing massive take-up of instant payments, with snowballing numbers of instant and Bizum transfers and customers beginning to embrace new services and use cases. In response, in 2025, Iberpay made a step change in the modernisation of its technology infrastructure with the launch of Nextia, its new cloud-ready platform designed to handle an ecosystem that demands ever-faster, more scalable and more resilient solutions.

Nextia is a critical interbank infrastructure which acts as the real-time processing core for the Spanish payments system. The new platform incorporates new-generation architecture, which is composable and based on micro-services that can be independently deployed, updated and scaled. It is built for hybrid and multi-cloud environments, reinforcing the resilience, contingency-handling and business continuity of the Spanish payments system.

In performance terms, Nextia increases processing capacity by over 25% compared to the previous platform, and delivers processing times of 0.040 seconds, helping shorten the end-to-end interbank processing of an instant payment to around 0.490 seconds. On top of this, Nextia provides advanced autoscaling and intelligent load balancing systems for times of peak demand, and advanced observability capabilities, with full traceability and real-time data via secure APIs, plus strengthened resilience, designed for 24/7 operation.

With Nextia, Iberpay enhances the resilience of the payment system, ensuring an infrastructure with high availability and business continuity that is essential to economic security, so citizens and companies can make payments and collections with greatest possible confidence.