In the previous examples, it is important for the private sector to improve the interoperability of payments, improve the efficiency of the existing payment infrastructure, and eliminate friction in the exchange of digital money. To improve interoperability, for example, interlinking different payment platforms or NBPSPs to participate in banks’ payments platform might be an option.
Let me reiterate the different steps so far and take the opportunity to point out some of our main partners in this process so far. The project was initiated by the Governing Council under the Presidency of my honoured colleague Wim Duisenberg in 1998 – and it is very sad that he cannot be here today.