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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
So that 6 billion is 1,3 million per bank spread over 4 years. So 323.764€ per year. That actually sounds unrealisticly cheap.
That sounds cheaper than fees to other systems.