German, French Authorities Talk Up Hopes Of Homegrown Payment Scheme

Regulators from Germany and France are again calling for the development of a European-wide payment scheme, citing reiterating warnings over the influence of US card companies and the threat of technology giants from Silicon Valley and China.

François Villeroy de Galhau, governor of the Banque de France, said this week the continent should utilise its existing infrastructure to overcome a balkanised market for retail payments.

“The sad reality is that the European payments market is already dominated by non-European players,” he said, speaking at the International Financial Forum in Paris.

To continue reading...

Our Key Benefits

PaymentsCompliance is a premium information service for compliance, legal and regulatory professionals. Our award-winning regulatory monitoring platform is used by many of the world's leading payment services providers and e-money institutions, regulators, challenger banks, fintechs and law firms.

We keep our clients informed of critical regulatory change and help them understand, with in-depth analysis, when change is coming and the implications for their organisation.

We provide our clients with a quantifiable and significant ROI by reducing the amount of time and money spent monitoring and analysing regulatory environments in multiple jurisdictions.