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Politics and pandemic are pushing local payment schemes

Politics and pandemic are pushing local payment schemes
paymentssource.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from paymentssource.com Daily Mail and Mail on Sunday newspapers.

Three payment trends for 2021: platform war, safety and Big Tech

Three payment trends for 2021: platform war, safety and Big Tech Published 3 months ago 1. In 2021, we’ll see the war of platforms continue. The USA took moves to ban TikTok and WeChat in 2020, while the EU threatened to ban Facebook for sharing data outside of Europe. In turn the social media giant threatened to leave EU operations behind. China of course has already blocked Facebook, YouTube, Instagram and Twitter for several years. These geo-political decisions have added to an increase of  uncertainty. Consequently, the importance and value of  regional financial services has risen. Take the European Payments Initiative (EPI) for example. Launched in 2020, it aims to bring European payment providers together to create independence from non-European service providers.

The impact on financial services as the EU drives from Open Banking to Open Finance

Webinar - The impact on financial services as the EU drives from Open Banking to Open Finance This on-demand webinar examines the transition from Open Banking to Open Finance in the context of the direction the European Commission is going in transitioning to an open data economy. The European Commission, through its Data Strategy, has set a goal to build a Single Market for Data in Europe – an open data economy. It has also made fostering a data driven financial sector one of its priorities, including a commitment to present a proposal for a new Open Finance Framework by mid-2022.

Polish and Finnish banks join European Payments Initiative

External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Polish and Finnish banks join European Payments Initiative 10 December 2020 Source: BNP Paribas Today, EPI Interim Company, responsible for initiating the implementation of the European Payments Initiative (EPI), is pleased to announce that PKO Bank Polski (“PKO BP”), Poland’s largest bank, and OP Financial Group, the leading Finnish retail bank, are joining EPI as founding shareholders of the recently created company. Furthermore, a group of 12 Spanish credit institutions banks has also formed a consortium and are joining EPI as a collective founding shareholder of the EPI Interim Company.

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