By , LONDON/PARIS (Reuters) - Sixteen banks from Germany, France and three other euro zone countries on Thursday said a “truly European” payments system was expected to be up and running in 2022 to fully digitalise a region where half of all retail payments are still in cash.Slideshow The European Central Bank on Thursday welcomed the banks’ decision to launch the unified European payment system by 2022, after advocating for years an industry-driven solution to compete with the likes of Mastercard and Visa.“We will do it collectively, by pooling our resources. As for distribution systems,...…By , LONDON/PARIS (Reuters) - Sixteen banks from Germany, France and three other euro zone countries on Thursday said a “truly European” payments system was expected to be up and running in 2022 to fully digitalise a region where half of all retail payments are still in cash.Slideshow The European Central Bank on Thursday welcomed the banks’ decision to launch the unified European payment system by 2022, after advocating for years an industry-driven solution to compete with the likes of Mastercard and Visa.“We will do it collectively, by pooling our resources. As for distribution systems,...WW…