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Instant payments timeline is 'reasonable' and shouldn't be extended, EU Commission official says

By Kathryn Carlson ( May 25, 2023, 16:03 GMT | Insight) -- EU lawmakers should be wary of pushing for an extended timeline for the mandatory provision of instant payments, a senior European Commission official warned today. Eric Ducoulombier, head of unit for retail financial services at the commission, told a meeting of the European Parliament’s economy committee today that the EU executive has not “randomly proposed these timelines.”EU lawmakers should be wary of pushing for an extended timeline for the mandatory provision of instant payments, a senior European Commission official warned today....

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