ECB eyes up European P2P payments
The European Central Bank is working with a steering committee of major European banks on plans to develop a person-to-person mobile payment network for funds transfers across the Eurozone.
In an interview with RTL Nieuws broadcast, ECB executive board member Yves Mersch said the system would link e-mail adresses and mobile phone numbers to an individual’s International Bank Account Number (Iban). The system would supplement national mobile-to-mobile schemes by providing a system for cross-border transfers.
„To send payment over your telephone from one country to another, you go onto your contact list, you take the name of a person, and you would immediately also get his Iban,” Mersch said.
The ECB has yet to set a deadline for the implementation of the project, Mersch told the broadcaster, but will have a blueprint ready by the end of the summer.
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
