I am writing to you on behalf of Payments Europe, the association of card-based payment solutions providers. Payments Europe members are active in Europe and the UK, representing card issuers, card acquirers, and card schemes. Our mission is to promote the value that card-based payments bring to the economy and society.

The European payments sector has gone through great changes in the past years. Today, there is wide choice and competition between providers and solutions, which illustrates that the market is functioning well.

The European payments market has seen much change in the last years. Today, there are more brands and solutions available than ever before. The market is working well, and consumers and merchants benefit from the multiple payments options available every day.

Payments Europe welcomes the European Commission’s (EC) proposals for the review of the Payments Services Directive (PSD3) and the establishment of the Payments Services Regulation (PSR), evidence of the EC’s efforts to further promote the digital transformation and eliminate fragmentation in the European payments market.

European Commission’s Proposal on Instant Payments: Payments Europe’s Response   DOWNLOAD PDF   Key takeaways Payments Europe welcomes the European Commission’s proposal on instant payments.

Payments Europe’s response to PSMEG questions on the policy options for the review of PSD2   Key takeaways PSD2 has been instrumental in the development

Payments Europe’s response to the European Commission’s consultation on the Proposal for an Open Finance Framework    Key takeaways Consumers must be given control over

Payments Europe supports a European payments market where all payment instruments are treated equally from a regulatory point of view. The choice about which payment instrument to use should sit with end-users, and regulators should allow for payment instruments to compete in a regulatory- neutral framework.

KEY TAKEAWAYS The payments and credit industry has been changing rapidly. New solutions on the market bring about new benefits for consumers as well as