European Central Bank launches TARGET Instant Payment Settlement system, making it easier for EU banks to compete with PayPal and other global tech giants (Stefano Bernabei/Reuters)

Stefano Bernabei / Reuters:
European Central Bank launches TARGET Instant Payment Settlement system, making it easier for EU banks to compete with PayPal and other global tech giants  —  FRASCATI, Italy (Reuters) - The European Central Bank launched on Friday a new system aimed at letting banks settle payments instantly across Europe …

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