Insights

Insight

07 October 20

ECB takes steps to ensure pan-European reach of instant payments

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. The European Central Bank’s (ECB) Governing Council, in line with the European Commission’s (EC) objectives, has taken an important move towards the full reach of instant...

Read more
Insight

23 September 20

Country profile: digital and instant payments are the norm in Estonia

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. We continue our series of European payment landscapes with a profile of Estonia. Estonia is a frontrunner for card payments, and its PSP community was among the first to...

Read more
Insight

09 September 20

EPI: towards a new European payment solution?

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. In early July a group of major European banks announced the launch of the European Payments Initiative (EPI) with the aim of creating a unified payment solution for consumers...

Read more
Insight

13 July 20

UK’s rollout of Confirmation of Payee

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. After a few years in development, a new Confirmation of Payee (CoP) system was rolled out last month by UK banks. In short, the CoP enables consumers to see whether the...

Read more
Insight

10 June 20

SRTP scheme – facilitating a seamless way to pay within SEPA

On 2 June 2020, the EPC launched a three-month public consultation on the rulebook for the new SEPA Request-to-Pay (SRTP) scheme, which will provide a new way to request a payment initiation. We interviewed the ad-hoc RTP Task Force (RTP TF) chair Jean-Yves Jacquelin to shed some light on the future...

Read more
Insight

20 May 20

SCT Inst scheme gaining further traction in Europe

November 2017 marked a major event in an increasingly instant world: the launch of the Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst), which enables credit transfers in ten seconds – or less – across the SEPA. Two and a half years on, the scheme has grown significantly, and the European...

Read more
Insight

14 April 20

AFR – the Hungarian Retail Instant Payment System

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. In order to improve the efficiency of domestic payments, Hungarian banks launched a local currency Instant Payment System (AFR) based on the SEPA Instant Credit Transfer...

Read more
Insight

29 January 20

The payment landscape of Luxembourg

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. We continue our series of European payment landscapes with a profile of Luxembourg, which is characterised by the highest banking internationalisation rate in Europe as...

Read more
Insight

09 January 20

TPPs: latest views on PSD2 implementation

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. We continue our series of interviews presenting the opinions of various stakeholders on the implementation of the revised Payment Services Directive (PSD2) with the interview...

Read more
Insight

12 December 19

PSD2 implementation: challenges for ASPSPs

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Today we start a series of articles representing the views of various stakeholders on the implementation of the revised Payment Services Directive (PSD2).  What are...

Read more
Insight

05 December 19

What’s next for RTP?

*The views expressed in this article are solely those of the authors and should not be attributed to the European Payments Council. The landscape of payment solutions in the retail market is undergoing transformation and Request to Pay (RTP) is gathering momentum. Last week we issued a guidance document...

Read more
Insight

14 November 19

Greece’s steady progress towards a cashless society

The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. Over the last five years, an evolution has taken place in Greece towards a more integrated retail payments market. While other traditional means of payment, such as cheques,...

Read more
Insight

24 October 19

We need a roadmap for the cashless society

*The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. According to recent figures from industry association UK Finance, one in ten UK adults now live a largely cashless life – in part thanks to the growing acceptance of contactless...

Read more
Insight

09 October 19

Belgium: SCT Inst implementation

* The views expressed in this article are solely those of the authors and should not be attributed to the European Payments Council. As of March 2019, the Centre for Exchange and Clearing (CEC), the Belgian automated interbank payment system for retail payments, initiated their instant payment platform...

Read more
Insight

26 September 19

Sweden: cashless society and digital transformation

* The views expressed in this article are solely those of the authors and should not be attributed to the European Payments Council. Sweden is leading the race to become the world's first almost cashless society: the use of cash has been declining for years, and instant mobile payments and other new...

Read more
Insight

03 September 19

Electronic invoicing- gathering pace

*The views expressed in this article are solely those of the author and should not be attributed to the European Payments Council. This article is one of an occasional series updating the European Payments Council (EPC) community on developments in e-invoicing, an important adjacent space to the world...

Read more