On 26 November, representatives of the supply and demand side – including Ecommerce Europe – of the European payment market gathered for the fourteenth meeting of the Euro Retail Payment Board. The ERPB is a high-level strategic body tasked with fostering the integration, innovation and competitiveness of euro retail payments in the European Union.
The ERPB discussion focused on the ECB report on the possible issuance of a digital euro, and the ongoing workstreams of the different working groups.
The ECB report on the possible issuance of a digital euro has been published on 12 October with a related consultation, opened until 16 January.
According to the ECB, a digital euro would make your daily payments faster, easier and more secure and would support the digitalisation of the European economy and actively encourage innovation in retail payments. The ECB and national central banks have, therefore, decided to start exploring the possible opportunities and risks, but also other questions such as the technical and legal implications of such project.
During the meeting, members of the ERPB also discussed the state of play of instant retail payments in euro, question of access to cash and P2P mobile payments. The ERPB has also decided to resume the work of the SEPA API Access Scheme.
All relevant documents will be made available on the ERPB website.