PREVIOUS
✖
TIPS Instant payment system
December 11 , 2018
2203 days
918
0
- The European Central Bank (ECB) has launched a new Smartphone payment system called ‘TARGET Instant Payment Settlement’ (TIPS) in Rome.
- It enables people and companies in Europe transferring Euros to each other within seconds irrespective of working hours of banks.
- TIPS system is only restricted to the European Union banks.
- The platform was developed by the Banca d’Italia – in cooperation with the central banks of Germany, France and Spain.
Leave a Reply
Your Comment is awaiting moderation.