Are you ready for Europe’s new payments architecture?

European payments is moving into a brave new world with a series of landmark changes being planned across the Eurosystem’s core infrastructure. With the introduction of the Retail Payments Strategy framework the European Commission has set banks a clear deadline of the end of 2021 to provide access to instant payments. This in addition to the migration to ISO 20022 means there is a lot for any financial institution to focus on, even without then considering how this plays out in a post COVID world.

Our experts discuss what the policy makers in Europe believe the payments sector should be doing in the next five years and how they are going about achieving this through planned policies and mandates.