Unfortunately, I am no exception to this rule and so cannot be with you in person today, but I am pleased to be able to use this video message to share some of my thoughts on innovative payment methods and the challenges that they pose for central banks.
To begin with, I would like to recap some of the history of SecuRe Pay and why it was created. Back in 2011, the standardisation of SEPA credit transfers and direct debits was well afoot, and cards had been migrated to the EMV standard.