Position Paper e-Payments (May 2014)

Shares

Ecommerce Europe presents its Position Paper  on e-Payments entitled “A Stronger e-Payments Landscape in Europe” (May 2014)

An efficient and well-functioning payment landscape that creates a cross-border level playing field is key to a flourishing e-commerce industry in Europe. The e-payments sector is subjected to rapid developments and the future e-commerce market is fully consumer oriented. It demands a seamless shopping experience for consumers to do online purchases wherever and whenever they want. A substantial part of the double-digit growth of the sector comes from innovation in payments, and especially innovation the field of mobile payments. Interoperability on mobile devices should be mainstreamed in all epayments, but this should in essence be left to the market. The e-commerce industry has proven to be keen on innovating, which should be stimulated by regulation that facilitates and does not restrict. The market should have room to adapt to future developments by competition and product development and should not be restricted by additional regulation. Payment service providers should be stimulated to invest in more innovation in order to foster competition in the market and to ensure their sustainable existence

Download the Position Paper on e-Payments

Shares