The public consultation for the digital euro has been concluded. The online survey which was launched on 12 Oct 2020 and concluded on 13 Jan 2020 was responded by more than 8000 citizens, firms, and industry associations. The data from the survey shows that privacy of payments ranked highest among...
After continued five years of negative rates imposed by the European Central Bank, some banks in Germany now have passed-on the charge to their retail clients for all their savings in the account. Earlier many banks pass on the ECB’s charges only to large corporations or wealthy clients, and for...
Europe is planning to build an improved instant payment system to overcome the dominance of US-based payment providers such as Visa, Mastercard, PayPal, etc in Europe. To overcome this threat, the European central bank (ECB) aims to roll out a pan-European instant payment by the end of 2021. Source: Reuters....
The German Banks association representing more than 200 private commercial banks issued a statement on Oct 30 regarding their position on the crypto-based digital currency. As per the statement, German banks support digital euro currency and suggest the European Central Bank (ECB) work together with the banking industry to create...
