Advancing Payments Ecosystem in Europe

This document is a guide that outlines the current state and future recommendations for the payments ecosystem in Europe. It emphasizes the importance of efficient and secure payment systems, which are crucial for businesses and consumers alike. The document details various areas of focus for the European Commission, including balancing compliance with innovation, ensuring operational resilience, and supporting economic growth. It discusses the need for financial institutions to invest in innovation while managing compliance costs. Additionally, it highlights the role of instant payments in boosting financial inclusion and economic growth. The guide presents recommendations for promoting competition, reducing operational costs, and enhancing digital inclusivity. It stresses the importance of collaboration among industry stakeholders to achieve a more efficient and secure payments landscape in Europe, ultimately benefiting all users and suppliers within the ecosystem.