Eurosystem adopts comprehensive payments strategy
The Eurosystem has adopted a comprehensive payments strategy, aiming to keep central bank money suitable for both retail and wholesale settlements as technology evolves. The plan also seeks to boost Europe's resilience, strategic autonomy and to foster a more integrated, competitive payments ecosystem, while supporting the euro's international role. Several Western Balkan nations, including Albania, are already part of the Single Euro Payments Area.
Key facts
- The strategy targets both retail and wholesale settlement needs.
- It aims to increase Europe's strategic autonomy in payments.
- An integrated, competitive payments ecosystem is a core objective.
- Supporting the euro's international role is explicitly stated.
- Albania and other Western Balkan states are already SEPA members.
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Why it matters
It shapes the future of European payments and reinforces the euro’s global position.
What changed
First published from European Central Bank