Friday 28 April 2017 | RSS


    News in brief

    European Central Bank to develop P2P service

    News in brief

    The European Central Bank is working on a system that would let consumers transfer money to each other based on a phone number or email address. “Immediately after transfer, the money is in the account of the receiver, regardless of the bank of the receiver or where he lives,” RTL Z reports. “Thanks to this system, you no longer have to remember your IBAN [international bank account] number or enter the recipient’s IBAN number.”

    Filed by Email Rian Boden Published • Last updated 4 February 2016, 16:45

    More headlines...