Central Banking

ECB ‘strongly supports’ new payments directive

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The European Central Bank (ECB) has given its backing to a directive that would update the regulation around electronic payments – the next step towards a more integrated European market.

The directive is designed to improve "transparency, innovation and security in the field of retail payments" as well as the consistency between national rules. It focuses on the "rapidly developing" retail payment market, including the rise of smartphones as payment instruments and e-commerce.

The ECB issued

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