Central Banking

DNB develops new instant payment network

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Dutch banks will be able to process instant payments over a new infrastructure by 2019, the Netherlands Bank has announced, as part of its payment strategy for 2018–21.

Published today (June 5), the strategy reveals the DNB is building a new payments system in conjunction with the country’s banks and payments processors, which will allow transactions to be processed within five seconds of a request being made.

“We perform our payment system task in a world that is in a constant state of flux

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