ECB launches eurozone real-time retail payments platform

ECB + bridge

The European Central Bank launched its real-time retail payments platform today (November 30), in what it called a bid to prevent the fragmentation of the European market and promote innovation.

Target Instant Payment Settlement (Tips) went live today at 11am Central European Time. It allows payment providers to permanently offer transfers in central bank money to their customers in real time every day of the year. Through Tips, individuals and companies can transfer money between each other

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