Europe’s quest for payments sovereignty

14/03/2023 - IN Expert opinion

An especially interesting opinion piece by our Chief Business Officer Simas Simanauskas about Europe’s quest for payments sovereignty: building home-grown challengers to fuel competition was published on Tech.eu.

 

“Even though only 61% of European Payment Service providers have joined the IP network and only around 14% of all SEPA payments are IP, a lot of the European countries have their own IP clearing schemes, meaning, users have an instant payment experience within their local banks. Hence, if most of the payments that banks process are within their own state, there might not be a good business case for the upgrade.” says our CBO Simas Simanauskas.

 

Curious to learn more insights on this? Read the full article here.

Share this news

Related News

opinion-piece—Europe’s-quest-for-payments-sovereignty
Expert opinion

Europe’s quest for payments sovereignty

An especially interesting opinion piece by our Chief Business Officer Simas Simanauskas about Europe’s quest for payments sovereignty: building home-grown challengers to fuel competition was published on Tech.eu.   “Even though only 61% of European Payment Service providers have joined the IP network and only around 14% of all SEPA payments are IP, a lot […]

14/03/2023
shutterstock_158368655
Expert opinion

Four ways the payments industry can withstand a potential second COVID-19 wave

Fintech partnerships with traditional vendors Even after the rapid growth of technology in the past decade, the fintech industry has only grabbed about $187 billion for the first half of 2019, or around 1% of global payments, with plenty of room for growth and disruption. As traditional businesses may struggle to adapt to a second […]

31/08/2020
FMLS19-LI-post
Expert opinion

Tal Itzhak Ron: Are live conferences a thing of the past?

The Coronavirus outbreak caught everyone by surprise. It introduced the world with social distancing and self isolation, which in turn brought the world’s economy to a slowdown; and there is hardly any industry that wasn’t affected. The online gambling industry is one of the few that dodged the bullet, but despite the fact that revenues […]

14/05/2020