The european central bank has launched a new system aimed at letting banks settle payments instantly across europe.Name the system
Answers
Answered by
0
the system is World Bank
Answered by
0
The European central bank has launched a new system aimed at letting banks settle payments instantly across Europe and this system is named as Target Instant Payment Settlement (TIPS) that will allow both the personal and business users to transfer Euros to each other in a jiffy irrespective of the opening hours of the bank.
However, TIPS system can be used only by the people who have their accounts with central bank.
This system is limited only to European Union banks.
Similar questions