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ECB selecting banks that want to take part in pilot phase
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ECB setup costs to reach around 1.3 bln euros, Cipollone says
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Banks to pocket fees, won’t have to pay system costs to ECB
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Merchants will also have an incentive in terms of cap on fees
ECB selecting banks that want to take part in pilot phase
ECB setup costs to reach around 1.3 bln euros, Cipollone says
Banks to pocket fees, won’t have to pay system costs to ECB
Merchants will also have an incentive in terms of cap on fees
Also, some European countries use mostly VISA and others mostly Mastercard. It’s unreliable and a hassle for bank users who come from one country and need to pay in another.