Our news

Europe’s quest for payments sovereignty

Artboard 3news4

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.