Efficient and secure payment systems are the foundation of a stable financial system. The Bundesbank secures and monitors cashless payments in Germany as a financial centre, provides settlement and clearing services and plays an active role in the further development of the single European payment system.

To accompany Germany’s Presidency of the Council of the European Union, the Deutsche Bundesbank is hosting a series of web seminars and a web conference this autumn with a spotlight on the digital future of payments.

With the second Payment Services Directive (PSD2), not only credit institutions, but also third-party payment service providers are able to offer their own account services.

On business day 29 October 2018 the Danish krone successfully became the first foreign currency to be made available for settlement in TARGET2-Securities (T2S).

In the latest Monthly Report, the Bundesbank’s payment specialists look at distributed ledger technology (DLT).