Digitalisation is a strong driver of innovation in retail payments and can help to deliver customerfriendly solutions. In a parallel development, people now tend to expect that services – and payments – should be delivered instantly.
At the ECB, we are very much aware of these trends, and we are promoting innovation in our economy by providing new services such as TARGET Instant Payment Settlement (TIPS). We closely monitor all new developments in the market with a view to fostering change.