Eurosystem lays out retail digital payment strategy

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The Eurosystem is pursuing a new strategy to respond to the rapid digitalisation of the eurozone’s payments market, partly in response to the Covid-19 pandemic.

Fabio Panetta, of the European Central Bank’s executive board, said the strategy would increase the provision of cash and instant payments. It would also include new supervisory methods and work on the ‘digital euro’, he said at a conference organised by the ECB today (October 22). The Eurosystem brings together the ECB and the eurozone

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