Annual Report 2023: Dutch payments at EU forefront

The Dutch Payments Association presents its annual report for 2023. A major theme running through our annual report are the developments and legislation in the EU for which the Dutch payment system proves to be an inspiration. In the Netherlands, for example, Instant Payments were already widely introduced in 2019 under our direction. Last year, the EU agreed on legislation that will make Instant Payments mandatory throughout the EU from 2025.

Another example is the availability and accessibility of cash. To this end we concluded the Cash Covenant in 2022, under the direction of DNB and together with banks and representatives of consumers, retailers, restaurants and petrol stations. Last year, the EU and the Ministry of Finance announced legislation to ensure that cash remains readily available, accessible and affordable in the Netherlands and everywhere else in the EU.

The year 2023 also had us work on inclusion and accessibility in everyday digital payments, and that remains high on our agenda this year. These and many other topics that we focused on in 2023, are covered in our 2023 Annual Report.