The Central Bank of Malta has launched a public consultation on proposed amendments to CBM Directive No. 19 to encourage the use of alternative payment methods to cheques, with a particular focus on promoting instant credit transfers as a faster, safer and more cost-effective option in line with evolving payment trends and recent regulatory developments.
Central Bank of Malta launches consultation on amending Directive No. 19 to encourage instant credit transfers instead of cheques
The Central Bank of Malta has initiated a public consultation on proposed amendments to CBM Directive No. 19. The amendments aim to promote alternative payment methods to cheques, particularly instant credit transfers, as a faster, safer, and more cost-effective option.