How do banks, the long-established players in the payments market, best respond to the revolution that is now underway?
The testing phase comes ahead of November’s scheduled go-live of the pan-European instant payment infrastructure platform.
Individuals and corporates can now make instant euro credit transfers between accounts across a region that will be extended to over 34 European countries.
Last week’s unexpected EU referendum vote needn’t be a disaster for payments and e-money firms seeking to expand in Europe from locating in the UK, according to Neopay.
EPC chair Javier Santamaría promises that it will mark “a turning point in making pan-European instant credit transfers in euro a reality”.
The European Payments Council has outlined plans for a new pan-European instant credit transfer scheme, which aims to bring real-time money transfers across the SEPA region.
A weak domestic economy is forcing Italy’s corporates to look further afield. Although many Italian industries such as car manufacturing and fashion ... read more