Eurosystem lays out retail digital payment strategy - 0 views
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John Kiff on 22 Oct 20The Eurosystem is pursuing a new strategy to respond to the rapid digitalisation of the eurozone's payments market, partly in response to the Covid-19 pandemic. Fabio Panetta, of the European Central Bank's executive board, said the strategy would increase the provision of cash and instant payments. It would also include new supervisory methods and work on the digital euro. He said that European authorities must ensure that digital payments are underpinned by a competitive and innovative market capable of meeting consumer demand, while preserving European sovereignty. https://www.ecb.europa.eu/press/key/date/2020/html/ecb.sp201022~d66111be97.en.html