Bank of Italy to launch instant payment system benefiting Balkans
1 report, 1 independent
Updated Oct 15
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What happened
Antonio Tajani announced that the Bank of Italy has completed a new instant payment system project for the Balkans. Tajani referred to the system as a 'TIPS Clone' and stated it would be presented at a conference in Rome in November.
From cei.int
Why it matters
The project is intended to strengthen financial and banking relationships between Italy and its Balkan partners. Tajani stated that the system would bring more business to the region.
From cei.int
Who's involved
- Bank of ItalyCentral bank of Italy developing the instant payment system
- Antonio TajaniItalian Foreign Minister who announced the project
- BalkansThe geopolitical region expected to benefit from the new payment system
Keep exploring
The entities involved
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Balkans
geopolitical and cultural region of Southeast Europe
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Bank of Italy
central bank of Italy
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Antonio Tajani
Italian politician (born 1953)