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Work on instant payments in Europe advances

We would like to inform you that the European Central Bank (ECB) published yesterday on its website an update on developments regarding the adoption of direct payments in Europe.

Public administrations pay significant amounts of money, both nationally and across borders, for payments relating to public procurements, pensions, social security contributions and taxes etc. Therefore, the public administrations have an important stake in the payments ecosystem, which is why the ECB is urging public sector bodies to switch to direct payments (see the factsheet on this subject at the link here).

CIRCULAR – Work on instant payments in Europe advances