In both cases, changes to domestic legislation are required which may prove difficult to achieve. A second preoccupation of the Committee has been to ensure that internationally active banks maintain a level of capital commensurate with the risks they run.
If we assume that some two billion debit card payment up to EUR 25 will be made by 2018, this means that a total of 500,000 hours of queuing up to pay will be saved. 2  BIS central bankers’ speeches  With this enormous advantage, most payment terminals ought to be adapted to contactless payment within the next couple of years.