and which are available in TARGET 2, become available either as a participant or as an eligible party (ie through another payment service provider that is a participant) and in the Instant Payment Service (TIPS) in TARGET 2. The service provides the possibility of settlement in other currencies and is expected to make immediate payments in Swedish kroons in 2022 in TIPS. Part of the package of documents related to digital financial services published by the European Commission is a proposal for a Regulation on the operational sustainability of digital technologies, which contains requirements for risk management related to information and communication technologies in the financial sector, a proposal for a Regulation on cryptocurrency markets; and a proposal for a Regulation on a Pilot Regulation of Market Infrastructures Based on Distributed Registry Technology (DLT). The future development of regulations in the field of payment services is undoubtedly interesting and dynamic, but no less interesting and dynamic is the development in the current use of payment services in Bulgaria. The data for 2019 published by the ECB in September 2020, according to Regulation (EU) № 1409/2013 of the ECB on payment statistics, based on the information collected by the BNB for another year report a significant growth of payment services in Bulgaria. In this regard, some indicators can be highlighted, such as an increase in the number of electronically initiated credit transfers by 17%, an increase in the number of card payments made by 25% and others.
The scope of the directive may also include hitherto unregulated technical service providers supporting payment services. Next, the future architecture of payment services in the European Union will be built on immediate payments. In this regard, the Commission plans to assess the need for a statutory obligation to participate in the SEPA scheme of the European Payments Committee for immediate credit transfer in euros (SCT Inst.). To encourage the use of immediate payments, consideration is being given to requiring that immediate payment fees be no higher than ordinary credit transfer fees. In Bulgaria, Borika AD, in close cooperation with the BNB as an operator of the real-time gross settlement payment system (RINGS), is in an advanced stage of development of a project for immediate payments in BGN, based on the requirements of the SEPA scheme for immediate credit translations (SCT Inst.). The ambition of the company is in 2021 for the payment service 1/2  BIS central bankers' speeches  providers in the country to be able to provide their customers with immediate credit transfers in BGN. Interconnection and interoperability between the various payment systems providing clearing and settlement is required to ensure cross-border reachability in the execution of immediate credit transfers in euro. In July 2020, the ECB announced its decision to introduce measures to ensure a trans-European scope of immediate payments in euro by the end of 2021. As a result, all payment service providers that have joined the SCT Inst scheme will be required.