EBA, ECB, and national authorities sign MoU to support non-bank PSPs access to payment systems

The European Banking Authority (EBA), the European Central Bank (ECB), national central banks, and national supervisory authorities across the European Economic Area have signed a Memorandum of Understanding (MoU).

This MoU aims to strengthen cooperation and information sharing to support non-bank payment service providers’ (PSPs) access to central bank-operated payment systems.

The agreement establishes clear principles for collaboration and harmonizes processes and procedures for information exchange between national supervisory authorities and central banks regarding non-bank PSPs’ participation in payment systems operated by central banks.

This harmonized approach seeks to ensure consistent outcomes and create a level playing field in the European payments market.