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2021 (2)
Michel Vaja

Michel Vaja

Payments Practice Lead at Icon Solutions
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Why making instant payments cheaper and easier is the key to pan-European adoption

27 Jul 2021

At a recent payments forum hosted by the Bank of Finland, ECB board member Fabio Panetta signalled commercial banks must make instant payments ‘cheap and easy to use’. While on the operational side, the Eurosystem has ensured the pan-European reach of instant payments is affordable to all banks (€0.002 per transaction), banks are still passing on e...

The future of Payments in Europe

Back to the Future: 5 Big Questions EPI Must Answer

12 Mar 2021

In July 2020, a group of sixteen major European banks from five Euro countries announced the launch of the European Payments Initiative (EPI) with the aim to create a unified payment solution for consumers and merchants across Europe. EPI’s stated long-term ambition is to become a new standard means of payment for all transaction types. This includ...