Sending money across the euro area will be faster and safer than ever, thanks to new EU rules on instant payments. People and businesses can now transfer money in euro within seconds, anytime - day or night, weekdays or weekends - whether within their own country or across the euro area.
Since January, payment service providers (PSPs) in the euro area are obliged to offer their clients the possibility to receive euro instant payments. PSPs are also obliged to offer their clients the service of sending instant payments in euro and, in order to combat payment fraud in euro credit transfers, the service of payee verification (VoP). This makes instant payments more widely available, safer, and more affordable for everyone across the euro area.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.