EEA non-banks to gain direct Target access from October 6
Fintechs to benefit from reaching beyond Sepa, Lithuanian central bank says
Electronic money and payment institutions in the European Economic Area (EEA) will gain direct access to the Eurosystem’s real-time gross settlement system from October 6.
In its announcement today (September 2) on the decision, the central bank of Lithuania – a country with a significant fintech sector – said the application process would be gradual and not automatic. Evaldas Ruzgys, the director of the Bank of Lithuania’s market infrastructure department, said payment service providers (PSPs)
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