Central Banking

Mersch issues warning to European payment providers

yves-mersch-bcl

European payments providers risk being muscled out by foreign players if they do not offer more innovative payment options, according to one of the European Central Bank’s most senior officials.

“Market players need to take action. Payment service providers around Europe need to start offering their customers instant payment services. And they need to do so quickly,” Mersch said today (October 3).

The retail payments market is currently dominated by non-European players. European providers

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: