TARGET2 and EURO1: Large-Value Payments in the New Eurozone: Industry Research Report

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TARGET2 and EURO1: Large-Value Payments in the New Eurozone

Published Date: July 2005

Published By: TowerGroup

Page Count: 12

Order Code: R301-901

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This TowerGroup Research Note examines the evolution of the cross-border large-value payment systems of the European Union. Although legislative and market forces are driving many changes in the European payments market, this Note focuses on the evolution of the two main large-value European payment systems, TARGET2 and EURO1. It compares the two systems and looks at how the move to a Single Euro Payments Area (SEPA) is causing them to converge.

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