Review of the Interchange Fee Regulation Position

28 August 2020

The German Banking Industry Committee (GBIC) welcomes this new report as it once again underlines the EU Commission’s goal to promote cashless payments within the European single market. GBIC fully supports the political aim to promote secure, innovative, and efficient payment solutions, especially when they are “made in Europe”, because payment systems are a critical infrastructure. They are an essential brick of strengthening Europe's sovereignty and autonomy.

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