ECB: new statistics show SEPA migration gathers pace strongly in December
The December figures show that, if the current pace of migration continues, the vast majority of stakeholders will complete their migration by 1 February 2014, according to European Central Bank.
According to the latest figures provided by national central banks, 74% of credit transfers in the euro area were already SEPA-compliant at the end of December (from 64% in November). For direct debits, the figure stands at 41%, a very steep increase from the 26% registered in November.
The ECB urges all market participants to continue their current migration pace and to complete the transition of all credit transfer and direct debit transactions to the SEPA standards by 1 February 2014.
SEPA credit transfer and direct debit – Evolution of euro area migration (% of total transactions)
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:
