Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-393-968"
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"en.20121120.28.2-393-968"2
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The variety of payment instruments is constantly growing at both European and global level. Although it seems that new ways of using mobile and internet payments which are of interest to consumers and businesses are rapidly developing, the card payment market is far from meeting its full potential. The card, internet and mobile payment markets are still fragmented in the EU area. There are significant differences regarding the use of card payments between the Member States. The process of creating a Single European Payments Area (SEPA) facilitates bank transfers in 32 European countries, and as of 2014 all the participating countries should have implemented the common SEPA standards. I believe that as SEPA will remove the gap between domestic and cross-border payments, the objective of the integration of the card payment market should be making cross-border payments as convenient as making payments at national level. At the same time the common technical and security standards could make it easier for new players to enter the field, promote the use of card payments and make card payment an easier, more secure and more efficient option for consumers. The guideline for continuing development of common technical and security standards should be to achieve a level of common infrastructure which would allow a level playing field, encourage innovation and competitiveness but not essentially add restrictions to the way in which the entire field can expand."@en1
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