The EU Retail Payments Strategy (cepInput)
The European retail payments markets are still highly fragmented and at the same time faced with challenges triggered by innovations such as instant and mobile payments. The EU retail payments strategy suggests policy measures to avoid inconsistencies and further fragmentation of payment markets in Europe.
Retail payment markets in Italy, Germany and France remain diverse, which makes it difficult to find a common European answer to digital innovations. However, it is not the task of the Commission to pro-actively support the set-up of a payment solution by European providers. Payment service providers should not be forced to offer instant payments. The Commission should sanction anti-competitive behaviour in the payment industry and set an innovative-friendly regulatory environment.