ECB Releases Comparative Study on Instant Payments

The European Central Bank (ECB) has released an occasional paper titled “Are instant payments becoming the norm? A comparative study”, which examines the potential of instant payment services to become the new normal and their prospects in the euro area.

The paper also looks at the structural drivers and blockers to the adoption of instant payments, highlighting that the degree and speed of transformation will vary from country to country.

According to the paper, there are seven key drivers identified as supportive of the introduction of a new payment infrastructure divided between external factors and inherent characteristics of the instant payment services themselves. These include:

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