Finland Develops Instant Payments System and Adopts Digital Euro

The Bank of Finland (BOF) is taking the lead in developing a Finnish instant payment solution that aligns with European standards. This announcement was made by Tuomas Välimäki, a BOF board member and a member of the Governing Council of the European Central Bank (ECB), on October 19.

Välimäki emphasized that the Bank of Finland is actively encouraging the emergence of innovative payment methods. He referred to the digital euro as the most significant project currently in the European payment landscape.