Tag #European Payments

How can Europe regain its competitive edge in the payments sector, given the dominance of global players and the implications for financial stability?

The European Credit Research Institute highlights a critical challenge for Europe: competing with global payment players, particularly in card payments. Card use at point of sale surged to 39% in H2 2024 from 34% in 2022 and 25% in 2019, dominating transaction value at 45% compared to cash's 39%. However, card fraud rates exceed those of credit transfers, making the latter safer.