Strengthening the EU’s Financial Independence and Security in Digital Transactions
Highlights:
- The European Card Payment Association emphasizes the need for EU sovereignty in payment systems.
- The call for sovereignty aims to enhance financial security and reduce reliance on external payment providers.
- Key discussions involve developing robust regulations that protect EU consumers and businesses.
The European Card Payment Association has issued a strong call for the EU to establish its payments sovereignty. This initiative aims to bolster the financial security of EU citizens and businesses by lessening dependency on non-European payment networks. Implementing effective regulations is vital for ensuring the stability and integrity of digital payment systems across the continent. As digital transactions continue to rise, the need for a secure, independent payment framework has become increasingly critical.
