Instant Payments Poised to Become a Reality in Europe

The European Central Bank (ECB) is looking at ‘instant payments’ and ‘immediate availability of funds’ as a great value add-on to the single euro payments area. ECB heads a multi stakeholder group called Euro Retail Payments Board (ERPB). ERPB is taking new initiatives to drive instant payments including peer-to-peer mobile payments and contactless payments as well.

As per an official ERPB statement, instant ...

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