Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-393-375"
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"en.20121120.28.2-393-375"2
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"−
The European Commission has published a Green Paper on an integrated European market for card, internet and mobile payments in which it identified several barriers preventing the European payments market from working in the most efficient, open and integrated way possible. The benefits of setting up a more integrated payments market are enormous. It would enable a market to be created with more convenient, secure, fast and efficient payments and could generate direct and indirect benefits estimated at EUR 300 billion over the next 6 years. This market is still significantly fragmented in the EU, which is why the European Commission has proposed creating a Single Euro Payments Area (SEPA) which, by establishing common rules in the various Member States, will enable the disparities between domestic and cross-border payments to be removed. A number of card payment aspects have been considered in the construction of the SEPA, from multilateral interchange fees to the existence of common technical and security standards, etc. Regulation of electronic and mobile payments should be lighter, as this is a market that is still evolving and innovating. I voted in favour of this report as it puts forward measures that will patently benefit the way these markets function."@en1
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