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EBF: digital euro could displace the benefits of instant payments

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Published on: 02 July 2021

Published by LNB News

LNB News 02/07/2021

Document Information

Issue Date: 02 July 2021

Published Date: 02 July 2021

Jurisdiction(s): European Union

Article summary

The European Banking Federation (EBF) has published its response to the European Commission’s 24 March 2021 targeted consultation on instant payments. EBF says it is vital that the Commission clarifies as soon as possible its overall vision of a future EU payments landscape, where there is a widespread use of instant credit transfers and at the same time a digital euro could be issued, as the latter could displace the benefits of instant payments entirely and multiply the investment required.

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