The EUU wants payments to go faster. Instant SEPAA transfers were introduced in 2017 but it's 2022 and only 11% of transfers are instant. A new law would make it mandatory for European banks to offer instant transfers, at the same price as regular ones. https://www.reuters.com/markets/europe/seismic-shift-bank-payments-help-business-consumers-says-eu-2022-10-26/