Tuesday, May 30, 2023
[email protected]
 Fintech Zoom
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
    • Shanghai Index (SSE)
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
    • Secure Bank Login
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Entertainment
    • Health
    • Cars
    • Near Me
    • Life
    • Weather Tomorrow
  • INVESTMENT
    • Real Estate
    • Famous Investors
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom
    • Fintech Zoom Logo
    • FintechZoom PRO
    • FintechZoom Contacts
No Result
View All Result
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
    • Shanghai Index (SSE)
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
    • Secure Bank Login
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Entertainment
    • Health
    • Cars
    • Near Me
    • Life
    • Weather Tomorrow
  • INVESTMENT
    • Real Estate
    • Famous Investors
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom
    • Fintech Zoom Logo
    • FintechZoom PRO
    • FintechZoom Contacts
No Result
View All Result
FintechZoom
No Result
View All Result

ETPPA welcomes European Commission proposal on Instant
Payments

James Albert by James Albert
October 26, 2022
in Press Releases
0

Home » ETPPA welcomes European Commission proposal on InstantPayments

Brussels, 26 October 2022: ETPPA welcomes today’s legislative proposal from the European Commission for a regulation on Instant Payments. Instant Payments has long been the missing brick in the PSD2 ecosystem and there has been a clear need for swift legislation here in order to help Payment Initiation Service Providers (PISPs) and fintechs in general leverage the huge investments already made into PSD2 infrastructure.

ETPPA commends the Commission’s proposal for mandating retail banks to enable not just reachability, but also outgoing instant payments and – most importantly – to remove any premium fees over standard transfers, which means that they will be free in most cases. This is crucial to ensure that the true benefits of instant payments can be made available to all EU consumers. ETPPA would call on the co-legislators to support this mandate and to ensure the certainty of instant payments, thereby future proofing the EU’s retail payments market so that it can compete globally.

PISPs, but also many Payment Institutions, E-money Institutions and banks, stand ready to leverage their huge investments into PSD2-related API infrastructure in combination with the superior functionalities of instant payments. In particular, their much lower non-execution risk versus a non-instant payment initiation, will lead to a significant growth of PISPs and their services across Europe.

Today’s proposal on Instant Payments is essential for new or improved European payment solutions, such as ETPPA’s European Retail Payments Framework (ERPF). ETPPA’s Chair Ralf Ohlhausen stated that “today’s proposal on Instant Payments will provide some of the key missing ingredients for EU TPPs and fintechs to thrive. Instant Payments must be free to the payer and final to the payee for EU retail payment solutions to be able to compete with those from the East and West. In combination with the PSD2 API infrastructure, which we implemented over the last 5 years, the proposed regulation on Instant Payments will help enable more than 400m EU citizens in all member states making retail payments straight from their bank account, without the need for any additional card or wallet. This is a great step forward towards fostering EU champions in payment services.”

RelatedPosts on FintechZoom

OCR Labs Global’s Zero Bias AI™ Tech Awarded Further DIATF Certifications

Three New Associate Partners Join The Fintech & Payments Advisory Network

Equals Group announces a positive trading update with revenues up 59%

Global invoice financing group enables clothing giant to grow during times of economic recession

Revolutionizing Finance: STX Next on transforming the financial sector with Cutting-Edge AI & ML

Stubben Edge acquires Insurercore to expand tech offering

ETPPA looks forward to continued collaboration on the proposal with the European Commission and co-legislators, and we eagerly await a swift adoption of this positive and timely legislative proposal.

James Albert

James Albert

James Albert is a personal-finance analyst for FintechZoom and is based in New York. Contact: [email protected]

Related Posts

OCR Labs Global’s Zero Bias AI™ Tech Awarded Further DIATF Certifications

March 9, 2023

Three New Associate Partners Join The Fintech & Payments Advisory Network

February 15, 2023

Equals Group announces a positive trading update with revenues up 59%

February 15, 2023

Global invoice financing group enables clothing giant to grow during times of economic recession

February 15, 2023

Revolutionizing Finance: STX Next on transforming the financial sector with Cutting-Edge AI & ML

February 14, 2023

Stubben Edge acquires Insurercore to expand tech offering

January 20, 2023

Newly rebranded ONE Group partners with RegTech provider Know Your Customer

January 20, 2023

Private equity – private debt sector embraces self-serve technology – capital markets study

November 16, 2022

Zoho Finance platform hits 50% YoY Growth

November 16, 2022
Next Post

Ethereum’s Dominance in the Crypto Market Is up 20% Following the Merge

Jushi Expects to Bring Clean Water to More than 3,000 People Across Six Countries via
Newly Formed Drop4Drop Partnership

Joffre Solar Power Plant Ground-breaking - Building Alberta's green economy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About Us
  • Advertise
  • Careers
  • Terms and Conditions
Call us: + 1 917 9939840

© 2016-2023 FINTECH ZOOM - WORLD FINANCE

No Result
View All Result
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
    • Shanghai Index (SSE)
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
    • Secure Bank Login
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Entertainment
    • Health
    • Cars
    • Near Me
    • Life
    • Weather Tomorrow
  • INVESTMENT
    • Real Estate
    • Famous Investors
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom
    • Fintech Zoom Logo
    • FintechZoom PRO
    • FintechZoom Contacts

© 2016-2023 FINTECH ZOOM - WORLD FINANCE

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?