This month, the European Digital Payments Industry Alliance (EDPIA) celebrates its one-year anniversary since its foundation in May 2020. With this milestone, we are taking a moment to look back at the Alliance’s key past achievements and upcoming goals.
EDPIA was set up to fill a void in the representation of participants in the payments policy debate in Europe, that of truly European and truly independent payment services providers (PSPs).
In the last year, EDPIA has brought that unique perspective to several EU policy makers and industry stakeholders through regular constructive engagement as well as written contributions to important policy debates. Key highlights include:
- Producing policy papers on the impact of COVID-19 on European PSPs supporting the most impacted sectors of the EU economy (see here) and on the Interchange Fee Regulation (see here)
- Responding to the European Commission (EC) targeted consultation on the review of the Settlement Finality Directive
- Being invited by the European Central Bank to join its Euro Retail Payments Board as a guest member and currently waiting on confirmation to join the EC’s Payments System Market Expert Group
- Participating in the ‘digitalisation of EU payments’ panel at the 8th Annual QED payments conference
- Hosting a series of constructive exchanges with the EC, several Member States as well as other industry bodies in the EU payments sector.
Looking forward, EDPIA and its members are committed to continue advocating for a competitive, innovative and more autonomous EU digital payments sector that can best serve consumers and companies in Europe. Key focus areas for EDPIA going forward include:
- Development of a position on the digital Euro/Central Bank Digital Currencies discussion
- Responding to the EC consultation on Instant Payments
- Assessing the implications of EU legislation for the digital payments industry including Digital Operational Resilience Act, the proposed AI legislation, the upcoming EU digital identity initiative, and the upcoming anti-money laundering package
- Preparing for the upcoming review of PSD2
- Continued constructive engagement with policy makers, regulators and industry stakeholders.
EDPIA would like to thank its President Gilles Grapinet, CEO of Worldline, and the Chair of its Working Group, Trygve Ilkjær, Vice President and Head of Group Stakeholder & Brand Management of Nets, for their continued leadership, as well as all the members involved in achieving the above milestones.
The European Digital Payments Industry Alliance (EDPIA) represents the interests of European independent Payment Services Providers. Its purpose is to contribute to EU policy debates that define the business environment for electronic payments, and to strengthen the visibility and understanding of the European payments industry amongst policy makers and society as a whole. EDPIA’s broader objective is to support the EU’s objective to create a Digital Single Market, fuelled by digital payments. It is in favour of a strong, stable and properly enforced European regulatory framework that enables intense competition between transparent and market-based solutions, allowing them to compete for the trust of their European and global clients. EDPIA’s current areas of focus include the EU Commission’s Retail Payments Strategy and the impact of COVID-19 on Payments Service Providers.