New Blog: Reflections on the Progress Towards Pan-European Instant Pay...

New Blog: Reflections on the Progress Towards Pan-European Instant Payments in Euro - Interview with Helmut Wacket (European Central Bank)

13 June 16

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One month is left for stakeholders to provide their feedback on the EPC SEPA Instant Credit Transfer (SCT Inst) scheme's draft rulebook. While they are in the process of finalising their comments, they will appreciate to learn about the reflections of Helmut Wacket, from the European Central Bank (ECB), which is one of the main drivers of this new development.

In this interview, Helmut Wacket, Head of the Market Integration Division at the ECB’s Directorate General for Market Infrastructure and Payments, shares his thoughts on the key features of the scheme, and explains what will be the role of the ECB until and after the launch of the scheme in November 2017. He also provides information about the evolution of the settlement services performed by the ECB and the Eurosystem in this context. Finally, Helmut Wacket imagines how instant payments could be developed in the near future, and how the scheme could evolve. The ECB being a catalyst and strong support for the development of innovative methods of payment across , this Blog foresees, as one can imagine, encouraging perspectives for the Inst scheme.

This interview is the second part of a series of Blogs the publishes to gather key stakeholders’ views on the Inst scheme. Click here to read the interview with two bankers who participated in the implementation of the Swedish mobile instant payment solution, Swish, which was the first Blog of this series published.



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