Instant coffee, instant oatmeal, instant mashed potatoes, instant gratification. We want it all, and we want it now. So, we’re going to talk about instant payments. On 26 October 2022, the European Commission put forward a legislative proposal on establishing instant payments. Wait, what? Don’t we already have that? Your host, Aidas Palubinskas, who knows just enough to get himself into trouble, talks with Eric Ducoulombier, the European Commission’s head for retail finance. They talk about the EU nudging the retail payments industry on instant payments and what benefits accrue to EU citizens and business, as well as how it’s going to help with Russia sanctions.