The European payments sector has gone through great changes in the past years. Today, there is wide choice and competition between providers and solutions, which illustrates that the market is functioning well.

The European payments market has seen much change in the last years. Today, there are more brands and solutions available than ever before. The market is working well, and consumers and merchants benefit from the multiple payments options available every day.

Payments Europe welcomes the European Commission’s (EC) proposals for the review of the Payments Services Directive (PSD3) and the establishment of the Payments Services Regulation (PSR), evidence of the EC’s efforts to further promote the digital transformation and eliminate fragmentation in the European payments market.

European Commission’s Proposal on Instant Payments: Payments Europe’s Response   DOWNLOAD PDF   Key takeaways Payments Europe welcomes the European Commission’s proposal on instant payments.