ECB launches real-time payments in challenge to technology giants 0 SHARES Share it! ”Banks in the eurozone are under pressure” from tech rivals, said Marc Bayle de Jesse, head of market infrastructure and payments at the ECB. ”It means it’s equivalent to cash and there is no credit risk for the recipient of the payment,” Bayle de Jesse told AFP. But the ECB said the convenience of TIPS and the expected high demand will convince banks to sign up. The ECB plans to charge banks a fee of 0.0020 euro ($0.0023) per transaction for at least the first two years.

Source: Manila Bulletin December 01, 2018 13:52 UTC