What Does The New-Look European Commission Mean For Payments?

Fintech, cryptocurrencies and protection against US sanctions were placed at the heart of the financial services agenda of new European Commission chief Ursula von der Leyen yesterday as she unveiled a new team containing several old faces.

Along with the new challenges laid down by their incoming boss, the commissioners will also need to grapple with the stuttering implementation of the revised Payment Services Directive (PSD2), debates over the bloc’s anti-money laundering (AML) policy, a review of interchange fees and the spectre of US digital giants.

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