"Strategising retail payments towards a regulated, instant, and interoperable future "

In September 2020, the European Commission put forth a Retail Payments Strategy (RPS) for the EU “that aims to further develop the European payments market, so Europe can fully reap the benefits of innovation and opportunities that come with digitization.” In what has been dubbed one of the most ambitious programs seen in recent times, the EC’s mandate intends to bring true strategic value and the power of payments to the forefront for consumers, corporates, and banks alike in Europe.
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