3 ms·
> Which seems incorrect as 10 second payments EU-wide obviously require universal adoption of updated IT systems and more stringent control to guarantee that 10
by petesergeant 4y ago
> Which seems incorrect as 10 second payments EU-wide obviously require universal adoption of updated IT systems and more stringent control to guarantee that 10 second deadline.
Plenty of other governments have done that essentially by threat or mandate though? UK has https://en.wikipedia.org/wiki/Faster_Payments https://en.wikipedia.org/wiki/Faster_Payments and Thailand has https://www.bangkokbank.com/en/Personal/Digital-Banking/PromptPay https://www.bangkokbank.com/en/Personal/Digital-Banking/Prom... -- I don't remember my fees going up in either country
- tremon 4y agoI think the parent's point is that it may be relatively simple to implement for national transfers, but it seems the EU is mandating it for international transfers too (namely, within the entire Euro-zone).