Central Banking

ECB’s Cœuré highlights US and Europe payments division


Benoît Cœuré, an ECB executive board member, says the eurozone must increase its domestic credit transfer and direct debit schemes if it is to catch up with the US's rate of cashless payments.

Cœuré says it is "remarkable" that the number of cashless payment transactions per inhabitant in the US is twice as high as in the eurozone and highlights the differences in payment structures between the two.

"Whereas consumer credit cards are the biggest driver of revenue in the US payments industry

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: