European payment industry leaders formed a new association

Card payment solution providers across Europe and the world have formed a new association called Payments Europe

European payment industry leaders formed a new association. Source: shutterstock.com

A new association called Payments Europe is formed by European and global card-based payment solution providers. The new organization wants to present the industry’s common views and advocate for a fair regulatory environment in Europe, Ecommerce News reports.

Payments Europe is currently formed by 13 card issuers, card acquirers, card schemes and other stakeholders active in the world of card-based payment solutions. Companies like BNP Paribas, Deutsche Kreditbank, Mastercard and Visa are involved.

The new association wants to “stimulate a dynamic, competitive and consumer-centric payments landscape in Europe”. It also wants to promote a better understanding of the “complexity and inherent value the four-party card scheme business model brings to all parties in the payment ecosystem”. All in all, it wants to represent the card-based payments industry in Europe.

This is the first time that the European and global card-based payments industry is coming together in an association to present a common view to EU policy-makers about the issues that matter to our industry. We are confident that our new association will be able to make a real contribution to upcoming EU policy debates
Kurt Gjesten, board member from Card Payment Sweden

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