Swedish consumers could be able to make and receive low-cost instant cross-currency transactions to and from any euro area country via the Target Instant Payment Settlement (TIPS) platform once the Swedish kronor joins the platform in May 2022. TIPS currently supports real-time cross-border payments and fund transfers between accounts held in euros, but the European […]
Read the rest of ECB launches feasibility study into instant cross-currency merchant payments in Europe at NFCW.