The Italian Payments Committee (IPC) is a cooperative body formed in 2015 at the behest of the Bank of Italy whose main objective is to strengthen the Italian payments industry’s ability to meet the needs of users (enterprises, households and general government entities) and to successfully compete in an increasingly innovative and integrated market.
The Committee is a broad representative forum, chaired by the Bank of Italy, that encourages open and constructive discussion of key issues pertaining to the Italian payments market. Its members are representatives of payment service providers (banks, Poste Italiane SpA, payment institutions) and users (consumers, enterprises and retailers), representatives of the banking community and some of the system’s most important technical services providers. The Ministry of Economy and Finance, the Ministry of Economic Development and the Digital Italy Agency are also regularly invited to take part.
The IPC meets at least twice a year and, when necessary, may form working groups to focus on specific issues. It also performs the important role of coordinating the requests forwarded and received at the European level through the corresponding Euro Retail Payments Board (ERPB), which was launched at the end of 2013 and is coordinated by the ECB.
The IPC submits an annual report of its activities.