Big win for fintechs in Europe! 🇪🇺 The ECB has published decision that gives non-bank payment service providers (NB-PSPs)—including payment institutions and e-money institutions (e.g. regulated stablecoin issuers) — direct access to Eurosystem central bank payment systems like SEPA and TIPS. This decision, rooted in the Instant Payments Regulation that came into force earlier this year, can reduce reliance on traditional banks for fiat settlements, creating a more level playing field and boosting competition & innovation in EU payments. While firms can now hold settlement accounts, the ECB clarifies that central banks will not be able to offer safeguarding accounts for client funds. Applications for access should open in Q2 2025 (June). Get ready to engage with your respective Eurosystem central bank. Link to full ECB decision in the comments 👇