The Central Bank of Cyprus (CBC) on Tuesday announced key deadlines for the implementation of the EU Instant Payments Regulation.
The EU’s Instant Payments Regulation is a new regulation that aims to accelerate the roll-out of instant payments in Europe.
The regulation, which entered into on April 8, 2024, covers credit transfers denominated in euro within the European Union.
Specifically, the CBC outlined what payment service providers (PSPs) must do
