Instant payment to become standard

In the digital age, it is hard to understand why euro transfers from one EU account to another take hours or even days. It is true that banks in Germany also offer real-time transfers, but they often charge an extra fee for it, which is why customers rarely use real-time transfers. In Europe as a whole, too, only eleven percent of all euro transfers are instant payments. The EU Commission wants to change that and make instant payments the standard.