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EU Commission adopts a new strategy on Web 4.0 and virtual worlds

News | Cryptocurrencies | 12 Jul 2023

The EU Commission has adopted a new strategy on Web 4.0 and virtual worlds to ensure an open and inclusive digital environment for EU citizens.

Web 3.0, virtual asset, regulation, European Commission, digitalisation

MiCA final vote is postponed due to translating issues

News | Cryptocurrencies | 18 Jan 2023

The final vote for the European Union’s crypto regulation bill, MiCA, has been postponed until April 2023 due to technical difficulties.

MiCA, regulation, European Commission, cryptocurrency, digital assets

DORA has entered into force

News | Digital Identity, Security & Online Fraud | 17 Jan 2023

The Digital Operational Resilience Act (DORA), published in the Official Journal of the European Union, has come into force on 16 January 2023 and it applies starting with the 17th.

regulation, European Commission, financial services, fintech, risk management

EU Commission approves merger of MobilePay and Vipps

News | Mobile Payments | 25 Oct 2022

The EU Commission has approved the merger of mobile payment companies MobilePay and Vipps into a new corporate group.

merger, mobile payments, digital wallet, cross-border payments, cross-border ecommerce, online payments, European Commission

How harmonising Europe's digital identity landscape can transform our lives

Voice of the Industry | Digital Identity, Security & Online Fraud | 11 Oct 2022

An open digital ecosystem built on strong pillars of modularity and interoperability requires harmonisation across the entire European continent, writes Roland Eichenauer, VP & Head of Business Development, eSecurity & Digitisation at Nets, part of Nexi Group.

EIDAS, digital wallet, digital identity, digital payments, digitalisation, digital onboarding, digital verification, identity verification, identity method, online payments, online security, European Commission

European Council approves Markets in Crypto Asset regulation (MiCA)

News | Cryptocurrencies | 07 Oct 2022

The European Union has agreed on the legal text for licensed crypto firms, by passing the landmark Markets in Crypto Asset regulation (MiCA).

European Commission, European Union, AML, MiCA, money laundering, cryptocurrency, stablecoin

Europe gives final greenlight to ecommerce regulation

News | Ecommerce | 06 Oct 2022

European Union lawmakers have reportedly given their final approval to its ecommerce-focused regulation – The Digital Services Act.

regulation, European Commission, ecommerce, digital payments, online shopping

Spain will reduce credit card commissions

News | Payments General | 29 Jul 2022

The Spanish Ministry of Economy has announced plans to limit commissions of credit and debit cards from the current 2 percent to 0.3% and 0.2%, respectively.

expansion, payment processing, European Commission, credit card, debit card

Europe`s approach to Open Finance: what is to be expected?

Voice of the Industry | Online & Mobile Banking | 09 Jun 2022

Monica Monaco, Owner and Managing Director at Trust EU Affairs, shares her views on Europe’s approach to Open Finance and EC`s initiatives to further Open Finance legislation.

Open Finance, European Commission, PSD2, GDPR, regulation

VBER: time to move beyond online versus offline in vertical competition rules

Voice of the Industry | Ecommerce | 20 Apr 2022

Maike Jansen, Public Affairs Advisor at Ecommerce Europe, shares insights on VBER, the set of rules that will be adopted by the European Commission in 2022, aiming to protect fair competition within the European Single Market 

Ecommerce Europe, cross-border ecommerce, VBER, European Commission, omnichannel, marketplace, ecommerce, retail

European Parliament approves EU Data Governance Act

News | Digital Identity, Security & Online Fraud | 11 Apr 2022

The European Parliament has approved the draft text of the Data Governance Act (DGA).

European Commission, GDPR, data protection, data privacy

Survey: contactless P2P payments increase adoption of digital euro

News | Payments General | 05 Apr 2022

The European Central Bank’s (ECB) research has explained that the ability to make instant payments, including P2P, is a priority for a digital euro.

European Commission, digital euro, biometric authentication, multi-factor authentication

EU to revise regulation for crypto transfers

News | Cryptocurrencies | 28 Mar 2022

The European Parliament is said to vote on an amendment to its AML legislation that regulates unhosted wallets and forces cryptocurrency exchanges to provide details of their customer’s anonymous transactions.

regulation, European Commission, AML, cryptocurrency, cryptocurrency exchange, crypto asset, virtual asset

The Paypers' full analysis of the Russian financial sanctions: EU and US measures, SWIFT ban, economic and commercial outcomes

Voice of the Industry | Online Payments | 11 Mar 2022

The Paypers has compiled thorough research on the financial sanctions imposed on the Russian Federation in the last two weeks. We aimed to help create a clearer picture of the complex economic machinations that the global payments, banking, and ecommerce ecosystems are faced with

Russia Ukraine War, European Commission, Visa, MasterCard, American Express, central bank, financial sanctions

EU could test the digital EUR in 2023

News | Cryptocurrencies | 11 Feb 2022

The European Commission has announced it is planning to propose a bill for a digital euro early in 2023.

European Commission, digital currency, CBDC, central bank, cryptocurrency

EC to release instant payments legislation in second half of 2022

News | Online Payments | 11 Feb 2022

The European Commission has announced its intention to legislate on instant payments to accelerate their adoption across the EU, according to AltFi.

SEPA, European Commission, European Payments Council, regulation, instant payments

The ESAs to review the EU's regulatory and supervisory framework

News | Online & Mobile Banking | 08 Feb 2022

The three European Supervisory Authorities (EBA, EIOPA, and ESMA) have published a joint report in response to the European Commission’s February 2021 Call for Advice on Digital Finance. 

EBA, regulation, European Commission, digital banking, ecommerce platform

European Commission fights against misuse of shell entities

News | Payments General | 12 Jan 2022

The European Commission has presented a new initiative to fight fake shell entities for improper tax purposes.

European Commission, regulation, transaction monitoring, Open Data Economy, tax evasion , cross-border ecommerce, cross-border payments

Eurosystem changes framework for electronic payments

News | Online Payments | 23 Nov 2021

The European Central Bank’s Governing Council has announced a new framework for electronic payments. 

European Commission, regulation, e-wallet, e-money, central bank, crypto asset, online payments

The digital euro project has launched – now the ECB must choose the right technology

Voice of the Industry | Cryptocurrencies | 16 Aug 2021

Is the digital euro closer to being a reality? Isabelle Corbett of R3 goes into details on what can make this CBDC project happen

digital currency, CBDC, central bank, European Commission, blockchain