The Eurosystem's retail payments strategy

The Eurosystem has put in place a comprehensive retail payments strategy to promote European retail payment solutions that are safe and efficient for society as a whole and to meet the rising challenges to European sovereignty in the payments market.

The main elements of this strategy are the development of a pan-European solution for payments at the point of interaction that is governed at the European level, the full deployment of instant payments, the improvement of cross-border payments beyond the European Union, and the support for innovation, digitalisation and for a European ecosystem for payments.  This strategy is closely linked to and consistent with the current work on a possible digital euro.