Payments

A dynamic business field for the OeNB

Here you will find both general information about domestic and cross-border payments as well as detailed information about OeNB payment services.         

euro-zeichen

One of the OeNB’s key responsibilities is to provide payment services. Thus, the OeNB gives top priority to ensuring that payment systems run efficiently and smoothly.

After all, their smooth functioning is crucial for strengthening trust in the Austrian financial market. At the national level, the OeNB is responsible for providing the payments infrastructure for Austria’s financial services market, which requires continued efforts to improve the technical infrastructure. At the European level, it is the Eurosystem that provides payment systems to ensure quick and secure noncash transactions, i.e. through TARGET2 for settling large-value payments and TIPS for enabling customer payments.