NPC Members

The NPC members are a crucial part in developing and deciding on the NPC Schemes. All banks (credit institutions) and payments institutions that fulfills he membership requirements are welcome to become Scheme Members to the NPC in order to be part of the development and decision process of the NPC Schemes.

The membership requirements are objective, non-discriminatory and proportionate, and in general terms applies to all banks (credit institutions) and payments institutions within the geographical scope of the SEPA area who have a plan to become reachable for payment transactions using the NPC Scheme in one or many of the NPC currencies. All Scheme members have an obligation to sign an adherence agreement for an NPC scheme either within a year of becoming a member or within a year of a scheme being completed.

The Scheme membership will be open to any legal entity which has been legally constituted and has the legal personality in accordance with the laws and practices of its country of origin and is:

  • a credit institution which is authorised in accordance with Article 8 (1) of Directive 2013/36/EU by a state which is a member of the European Economic Area or
  • a payment institution which has been authorised under Article 11 of the Payment Services Directive, or any other payment service provider listed in Article 1.1 of the Payment Services Directive or
  • an institution referred to in points (2) to (23) of Article 2 (5) of Directive (EU) 2013/36/EU, except for institutions which are eligible to be Non-Member Participants or
  • an entity with authorisation equivalent to those referred to in (a) or (b) above by an equivalent competent authority established in another country or territory included in the geographical scope of the SEPA

In addition to that, the Nordic Bankers' Associations from Denmark, Finland, Norway (Bits) and Sweden are Founding Members of the NPC.