The Euro Banking Association (EBA) and its Expert Group on Cross-Border Payments (EGXP)

Key recommendations of the white paper include the following:

To ensure that the 2027 target date defined by the G20 Roadmap can be met, PSPs across Europe need to get active now.
They should start their individual planning for the implementation of OCT Inst to make sure this can be taken forward and completed in the next couple of years.
In addition, they need to engage in collective action:
- create a frontrunner group with other PSPs
- publish a plan for the building of critical mass at a pan-European level
- work on market practices to deliver better cross-border outcomes than today’s solutions.