The pan-European instant payment infrastructure system now counts six participants based in Belgium: Aion SA, BNP Paribas Fortis, Belfius, CBC Banque, ING Belgium and KBC Bank
EBA Clearing’s RT1 platform has expanded its reach in Luxembourg with five new joiners including Banque et Caisse d’Epargne de l’Etat, Luxembourg and Banque Internationale à Luxembourg
A pan-European request to pay approach is seen as the missing piece of the puzzle for market players to create innovative payment products and services for their customers, EBA says
The total number of transactions processed in EBA Clearing’s instant payment system, RT1, tripled from five to 15 million between late October 2018 and late February 2019
While change is underway in wholesale payments across the world, in Europe, the Eurosystem has set a clear path for financial market infrastructure renewal, according to a white paper published by SWIFT