The obligation to supply information applies to cross-border payments, i.e. payments where the paying party is located in an EU Member State and the recipient is either in another EU Member State or outside the EU. The location of the paying party and the recipient is identified by the IBAN account number or another similar identifier.
A payment refers to an operation whereby cash and cash equivalents are paid in, transferred, withdrawn, or made available, or to a money remittance service whereby cash and cash equivalents received from the paying party are transferred directly to the recipient/beneficiary.