EBA builds on success of EURO 1 to launch the development of a European-wide low value payments project

With performance satisfaction of EURO 1 confirmed, the EBA has decided to allocate resources to investigate the next step in European cross-border payments following a two-day EBA ‘think-tank’ meeting of the Board in late March. The meeting was held to discuss the needs of the EBA member banks for further European-wide payment solutions. Gilbert Lichter, Secretary General of the EBA, said: ‘The Association has shown it can both achieve a successful European-wide consensus amongst leading commercial banks to provide effective payments solutions and harness the technical expertise to develop such systems. EURO 1 was designed with a flexible technical infrastructure which allows us to envisage further development of a low value payments arrangement for consumers.’

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