European Payments System
Interactive

European Payments System

Intuition Publishing
Updated Sep 25, 2020

The arrival of the euro and greater European monetary union, and growth in the movement of funds and securities across national boundaries has brought with it demands for a simpler cross border payments system. Here we examine some of the payment systems introduced to simplify the payments process for both large-Value euro-denominated payments and low-value euro-denominated payments. We also learn about how payments may be made in real-time via CLS Bank International.