European Payments Initiative

Piero Cipollone: Preserving people’s freedom to use a public means of payment: insights into the digital euro preparation phase

Retrieved on: 
Thursday, February 15, 2024
Freedom, Fraud, European Parliament, General Data Protection Regulation, PayPal, The Economic Journal, Committee, Privacy, ATM, SPACE, Council, Remuneration, Communication, Digital currency, European Commission, Conclusion, Economy, Frankfurt, Central bank, Civil service commission, European Central Bank, News, Heart, Reproduction, Risk management, Thought, Letter, Public sector, Risk, European Payments Initiative, COM, Applicability, Element, Riau rupiah, ECB, Cryptocurrency

Our approach relies on a term structure model of traded headline inflation-linked swap rates, which we assume span core inflation.

Key Points: 
  • Our approach relies on a term structure model of traded headline inflation-linked swap rates, which we assume span core inflation.
  • The model provides estimates of market-based expectations for core inflation, as well as core inflation risk premia, at daily frequency, whereas core inflation expectations from surveys or macroeconomic projections are typically only available monthly or quarterly.

The Eurosystem policy response to developments in retail payments

Retrieved on: 
Wednesday, February 7, 2024
Crypto, Multilateralism, Civil service commission, Section 2, International, Fraud, Ecosystem, Privacy, SIPS, Aggression, Architecture, Bank, ECB, OJ, Digital divide, Finance, Section 3, Internet, SPACE, Knowledge, Principle, Bank for International Settlements, Safety, FSB, PFMI, Council, Blog, TARGET, Artificial intelligence, CPSS, Central bank, Committee, ECRB, CPMI, IOSCO, Payment, International Organization (journal), Acceleration, Single Euro Payments Area, European Commission, Speech, Coronavirus, European Central Bank, Risk, Financial market, Face, Motivation, Euro, ICT, Policy, IBAN, Payments Council, European, Digital, Section 4, Fintech, European Payments Initiative, Digitalization, Perception, News, Instant, Sale, European Parliament, Conference, Online shopping

Retail payments are undergoing profound changes that are reshaping the European payments landscape.

Key Points: 
  • Retail payments are undergoing profound changes that are reshaping the European payments landscape.
  • The retail payments ecosystem and consumers’ attitudes and preferences are evolving and influencing one another.

1 in 2 European businesses abandon growth as high inflation begins to bite: Intrum

Retrieved on: 
Tuesday, May 23, 2023
Pressure, European Payments Initiative, Growth, Weather, Energy and Utility Skills, Headache, Intrum Justitia (yacht), Face, Risk, Bank, Renewable energy, Airline, Cryptocurrency

With 68 per cent of businesses anticipating high levels of inflation rates will last for at least another year, many are pivoting from growth plans to cost cutting strategies to weather the economic storm.

Key Points: 
  • With 68 per cent of businesses anticipating high levels of inflation rates will last for at least another year, many are pivoting from growth plans to cost cutting strategies to weather the economic storm.
  • In terms of what this means for growth, 51 per cent of all businesses across Europe see inflation as restricting their ability to grow their businesses and seize new opportunities.
  • "Across the board, businesses are grappling with high inflation, increasing interest rates and a cost-of-living crisis.
  • This has led them to prioritise cost cutting and divert from investing in growth and innovation," said Anna Zabrodzka-Averianov, Senior Economist at Intrum.

1 in 2 European businesses abandon growth as high inflation begins to bite: Intrum

Retrieved on: 
Tuesday, May 23, 2023
Pressure, European Payments Initiative, Growth, Weather, Energy and Utility Skills, Headache, Intrum Justitia (yacht), Face, Risk, Bank, Renewable energy, Airline, Cryptocurrency

With 68 per cent of businesses anticipating high levels of inflation rates will last for at least another year, many are pivoting from growth plans to cost cutting strategies to weather the economic storm.

Key Points: 
  • With 68 per cent of businesses anticipating high levels of inflation rates will last for at least another year, many are pivoting from growth plans to cost cutting strategies to weather the economic storm.
  • In terms of what this means for growth, 51 per cent of all businesses across Europe see inflation as restricting their ability to grow their businesses and seize new opportunities.
  • "Across the board, businesses are grappling with high inflation, increasing interest rates and a cost-of-living crisis.
  • This has led them to prioritise cost cutting and divert from investing in growth and innovation," said Anna Zabrodzka-Averianov, Senior Economist at Intrum.

GlobalPlatform to Explore Digital Identity & eID Wallet Security in Brussels

Retrieved on: 
Thursday, April 6, 2023
Security, Technology, Mobile, Wireless, Telecommunications, Software, Networks, ENISA, BSI, SIM, Policy, Secure, European Payments Initiative, Eid, BankID, Certification, Digital identity, Trust, European Commission, Hearing, Architecture, Ecosystem, SAM, Wallet, Thon Hotels, Cryptocurrency, EU, Thales of Miletus, Infineon Technologies

GlobalPlatform , the standard for secure digital services and devices, will host an eID Wallet seminar on April 26 in Brussels, to demonstrate the importance of high security for eID schemes and how to future-proof eID wallet deployments.

Key Points: 
  • GlobalPlatform , the standard for secure digital services and devices, will host an eID Wallet seminar on April 26 in Brussels, to demonstrate the importance of high security for eID schemes and how to future-proof eID wallet deployments.
  • “The European Commission and its eIDAS expert group are driving new regulation on digital identity wallets,” comments Ana Tavares Lattibeaudiere, GlobalPlatform’s Executive Director.
  • “Each of the 27 member states will have to issue a digital identity wallet via a scheme recognized and accepted by the other member states.
  • Read GlobalPlatform’s eID white paper to explore how GlobalPlatform technologies can support security requirements and architecture for The European Union Digital Identity (EUDI) Wallet.

Explore the Future of Open Finance in Brazil with a Deep Dive into Payment Initiation

Retrieved on: 
Thursday, September 22, 2022
Central bank, Central Bank of Brazil, Adoption, Cielo, Pension, Digital, Banco, European Payments Initiative, Efficiency, Volt, Computer, Knowledge, LATAM, Growth, Industry, Open banking, Bank, Superintendent, OBE, API, General manager, Ecosystem, Insurance, Banco Central Hispano, Technology Innovation Agency, Campfire, Accenture, GLOBE, Awareness, CDO, Renewable energy, Pix

It has been more than one year since Brazil enabled Payment Initiation, with Mercado Pago becoming the first Payment Initiation Service Provider (PISP) in H1 2022.

Key Points: 
  • It has been more than one year since Brazil enabled Payment Initiation, with Mercado Pago becoming the first Payment Initiation Service Provider (PISP) in H1 2022.
  • On September 27, key players in the Brazilian financial services industry will discuss Payment Initiation, consider the opportunities and shine a light on the phenomenal growth of Open Finance in Brazil.
  • Phase 3 involved the initiation of Pix transactions, the Brazilian instant payment system, by payment transaction initiators, and Phase 4 marked the introduction of Open Finance.
  • Open Banking Excellence (OBE) is the worlds leading community of Open Banking and Open Finance pioneers, including fintechs, banks, regulators, BigTechs and wider financial services institutions.

Stagflation fears: European businesses expect jump in late payments during second half of 2022

Retrieved on: 
Tuesday, June 21, 2022
Growth, Unemployment, Intrum Justitia (yacht), CEO, Uncertainty, COVID-19, European Payments Initiative, EPR, Research, Pressure, Risk, Online gambling, Renewable energy, Bank, Security (finance), Animal

Against a backdrop of inflation, increasing interest rates and regulation, companies are expecting a jump in late payments as well as raised barriers to growth during the remainder of 2022.

Key Points: 
  • Against a backdrop of inflation, increasing interest rates and regulation, companies are expecting a jump in late payments as well as raised barriers to growth during the remainder of 2022.
  • Late payments are hindering the growth of companies across European countries, hampering the economic and social development of the economy at large.
  • The European Payment Report describes the impact of late payments on businesses' outlook, growth, and development.
  • The report is based on a survey conducted simultaneously by Longitude in 29 European countries between 17 January and 13 April 2022.

Payment Processing Solutions Market To Value $569.2 Billion by 2030, says P&S Intelligence

Retrieved on: 
Wednesday, June 1, 2022
Cloud, Internet, APAC, App Store (iOS/iPadOS), European Central Bank, BFSI, Solution, Mastercard, POS, COVID-19, European Payments Initiative, Industry, Credit, Smartphone, CAGR, Online shopping, Cryptocurrency, Growth

The smooth incorporation, high speed, comprehensive security, and enhanced scaling of cloud-based payment solutions can be credited for this.

Key Points: 
  • The smooth incorporation, high speed, comprehensive security, and enhanced scaling of cloud-based payment solutions can be credited for this.
  • The category of e-wallets is likely to witness the fastest growth, at a payment processing solutions market CAGR of more than 23%.
  • The BFSI category will dominate the payment processing solutions market with a share of approximately 25% in 2030.
  • Browse detailed report on Payment Processing Solutions Market Size, Opportunities, Growth, Challenges, Business Trends and Forecast 2030
    Moreover, the favorable policies and initiatives by governments to support these solutions will result in the payment processing solutions market expansion.

Payment Processing Solutions Market To Value $569.2 Billion by 2030, says P&S Intelligence

Retrieved on: 
Wednesday, June 1, 2022
Cloud, Internet, APAC, App Store (iOS/iPadOS), European Central Bank, BFSI, Solution, Mastercard, POS, COVID-19, European Payments Initiative, Industry, Credit, Smartphone, CAGR, Online shopping, Cryptocurrency, Growth

The smooth incorporation, high speed, comprehensive security, and enhanced scaling of cloud-based payment solutions can be credited for this.

Key Points: 
  • The smooth incorporation, high speed, comprehensive security, and enhanced scaling of cloud-based payment solutions can be credited for this.
  • The category of e-wallets is likely to witness the fastest growth, at a payment processing solutions market CAGR of more than 23%.
  • The BFSI category will dominate the payment processing solutions market with a share of approximately 25% in 2030.
  • Browse detailed report on Payment Processing Solutions Market Size, Opportunities, Growth, Challenges, Business Trends and Forecast 2030
    Moreover, the favorable policies and initiatives by governments to support these solutions will result in the payment processing solutions market expansion.

Payment Processing Solutions Market revenue to cross USD 180 Bn by 2028: Global Market Insights Inc

Retrieved on: 
Tuesday, May 10, 2022
Philippine Council of Evangelical Churches, Visa, VR, FIS, POS, Smartphone, European Central Bank, Fraud, Mastercard, PayU, Internet, EMV, ACI Worldwide, Industry, PayPal, Adoption, First Data, Bles, Commerce, European Payments Initiative, Central bank, FIS (company), Solution, Technology, AI, NFC, QR, USD, Financial services, Cryptocurrency, Online shopping

SELBYVILLE, Del., May 10, 2022 /PRNewswire/ -- The payment processing solutions market size is expected to record a valuation of USD 180 billion by 2028, according to the most recent study by Global Market Insights Inc. The increasing demand for digital channels to perform secure and fast financial transactions is poised to contribute significantly to market growth.

Key Points: 
  • SELBYVILLE, Del., May 10, 2022 /PRNewswire/ -- The payment processing solutions market size is expected to record a valuation of USD 180 billion by 2028, according to the most recent study by Global Market Insights Inc .
  • The growing demand to streamline payment settlement methods between individuals and businesses is anticipated to support the payment processing solutions market expansion.
  • The EMV technology segment in the payment processing solutions market is predicted to observe a 15% growth rate till 2028.
  • The payment processing solutions market for mobile deployment segment is slated to register substantial market share by 2028.