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Europe is building EPI – an alternative to Visa and Mastercard – might it work?
Last year the European Central Bank said that it welcomed the European Payments Initiative (EPI), an initiative by some of Europe’s top banks to explore the development of a “rival... more
The post Europe is building EPI – an alternative to Visa and Mastercard – might it work? appeared first on Payments Cards & Mobile.
European Commission urged to further regulate card fees
The European Commission has adopted a new Digital Finance Package, including Digital Finance and Retail Payments Strategies, and legislative proposals on crypto-assets and digital resilience. The package aims to boost... more
The post European Commission urged to further regulate card fees appeared first on Payments Cards & Mobile.
SWIFT announces a new strategy for instant payments
In response to the growing number of Real-Time Payments initiatives taking place globally, SWIFT has announces that over the next two years and beyond it will fundamentally transform payments and... more
The post SWIFT announces a new strategy for instant payments appeared first on Payments Cards & Mobile.
EC approves Mastercard acquisition of Nets subject to conditions
The European Commission announced it will approve, under the EU Merger Regulation, the proposed acquisition of Nets’ account-to-account payment business by Mastercard. The decision is conditional on the transfer of... more
The post EC approves Mastercard acquisition of Nets subject to conditions appeared first on Payments Cards & Mobile.
B2B cross-border payments to grow by 30% to $35 trillion by 2022
A new study has found that the total value of B2B cross-border payments will reach $35 trillion in 2022 from a COVID-related low of $27 trillion in 2020; representing 30%... more
The post B2B cross-border payments to grow by 30% to $35 trillion by 2022 appeared first on Payments Cards & Mobile.
