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.
German payment service providers operated around 103 million current accounts last year. The payment statistics published by the Deutsche Bundesbank also show that the number of transactions involving these accounts in 2017 increased compared with 2016.
T2S: Migration of all markets successfully completed
The final wave of migration to the European securities settlement platform TARGET2-Securities (T2S) has been successfully completed. Nearly all European securities settlements are now being conducted through T2S.