ECB is on the verge of developing real time money transfer service

ECB is on the verge of developing real time money transfer service

The European Central Bank is geared up towards developing an instant payment settlement service. The EU’s number one financial institution is going to make this come true by late 2018. The key purpose of this move is to drastically facilitate real-time money transfer of small scale transactions. That’s what the European Central Bank revealed in its statement.

Real time transfer facilities are currently available for large volume payments. However, the new service, set to get down to operating in November next year, would expand it to all transfers, not to mention retail transactions, at a marginal cost.

The European Central Bank emphasized that the service is about to be developed in broad cooperation with the banking industry of the European Union, and it’s going to be offered to financial institutions at the low price of 0.20 euro cent per payment for the first two years of operation.

 

Similar

Will oil change the trend after OPEC meetings?
Will oil change the trend after OPEC meetings?

Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.

Latest news

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera