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    European Central Bank

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    Test for European Central Bank mobile P2P platform

    January 23rd, 2017

    European payment infrastructure provider EBA Clearing has begun testing an instant payment platform unveiled earlier this month by the European Central Bank, that will allow European consumers to make cross-border mobile P2P payments. Some 28 funding institutions gathered in Milan to mark the start of the testing phase, with an official launch scheduled to take place in November 2017. EBA Clearing is running the test environment in collaboration with payment processor SIA.

    European Central Bank calls for Europe-wide P2P mobile payments by end of 2017

    January 11th, 2017

    Consumers will be able to make peer-to-peer (P2P) mobile payments across Europe using only the payee’s mobile phone number which will act as proxy for their international bank account number (IBAN) by the end of… More

    European Central Bank to develop P2P service

    February 4th, 2016

    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.”

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