Analysis of News relating to the Digital Money Ecosystem

Portugal: Instant Payment System Begins Operations - PaymentsCompliance

19/09/2018 Link to source

Portugal: Instant Payment System Begins Operations On September 19, 2018, Banco de Portugal, the central bank of Portugal, announced that SICOI, the payment system under its supervision and regulation, now allows for instant payments in euro among all member states of the Single Euro Payments Area ...

Context

	Portugal The Portuguese Republic is a country located in Southwestern Europe, on the Iberian Peninsula. It is the westernmost country of mainland Europe, and is bordered by the Atlantic Ocean to the west and south and by Spain to the north and east.
	Euro
	Bank of Portugal Bank Of Portugal is a regulatory body operating in Portugal
	Single Euro Payments Area (SEPA) The Single Euro Payments Area (SEPA) is the area in which individuals and businesses can make and receive card and electronic payments in euro, across Europe, simply, cheaply and efficiently, regardless of their location. In other words it defines th
	Payment Systems This category refers to payment systems and platforms.
	Operations Operations is the term utilised to describe products and services, channels, class of trade and other concepts related to the operational requirements of digital money services.
	Payments The Payments Topic includes knowledge related to a variety of services such as mobile payments, online payments, bill payments and more.
	Recent Or Expected Changes To Regulations Discusses expected or likely changes to regulations. This is very important for a number of areas of our business including Product and Strategy as well as Operations.

---