In this episode of Bitesize Payments Regulation, Paul and Monica discuss the journey of instant payments to date, as well as the impending changes coming to instant payments in Europe.
The payments industry is an old one, going back to 3000 BC and probably beyond. Like many other parts of our life, the rate of change is increasing rapidly; our industry is in the midst of a cross over from an analogue world to a digital one.
At the same time the prevailing winds of change are not coming from the industry itself or from start-ups - there are plenty of those too - but the key change is coming from regulation.
However, these regulations are often the result of many years of wrangling, thousands of pages of documents and debate, discussion and stakeholdering. That’s before we get to the point financial institutions having to actually implement them!
In our Bitesize Payments Regulation podcast, we intend to cut through the noise and de-mystify some of the key regulatory changes happening in our industry, so you can get the bitesize chunks of knowledge you need to keep your finger on the pulse.
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