EU's new legislative proposal on instant payments.
Big news: The European Commission has just published its new proposal.
What do you need to know?
⏱ banks will be required to provide instant payments 24/7
💶 instant payments could be free for consumers in most cases
What does this mean for you as a business?
⚡️ payments will be received instantly
📦 you will be able to release goods and provide services immediately
As the biggest open banking platform in Europe, we feel this is a powerful step towards instant payments across the European Union.
Check out the full report here.