Podcast#10: An efficient European payments market

Diederik Bruggink, who leads our payments efforts at ESBG and WSBI, looks at payments.


Europeans make payments in cutting-edge ways. Aided by breakthrough payments technologies, 21st century banks hold the payment accounts.


A digital bridge formed by APIs – technology guided by PSD2 rules – helps strengthen and integrate the European single market. Teething pains persist, however, marked by foggy underlying business models across the industry.

Beyond APIs, the payments industry supports instant payments at pan-European level and instant payments solutions exist at domestic level in many countries.


But before compelling customer propositions can be developed, there is need for certainty about a sustainable business model for instant payments, as the massive efforts required for innovation and future efficiency gains need to be offset by a proper business case. There is a sense of urgency to develop European payment solutions to remain relevant. We ask that policymakers provide support.


***New Scale2Save research on young people in Africa***
WSBI last week published new research on young people in Africa, which was released by Scale2Save programme.


The New Scale2Save Research Outlines Ways to Drive Financial Inclusion by Reaching More African Youth. Increasing financial access in Africa struggles to stay ahead of surging growth in the numbers of young people. Check it out at the WSBI-ESBG website. Four videos on youtube bring the report to life with first-hand interviews from young people in Senegal. Those videos touch on savings, income and spending, along with a summary report. Just type in Scale2Save in YouTube search and click on the first video you see. We plan to have our Scale2Save experts in an upcoming youtube this month.


**About WSBI-ESBG Exchange podcast***

Like every podcast, we highlight news from the world of savings and retail banks in some 80 countries around the globe, including 26 members in 21 European countries.

For more information about topics shared on the is podcast by WSBI and ESBG, go to our website, visit us on YouTube, Twitter and LinkedIn. The podcasts are available on both Soundcloud and Youtube.

** See the ESBG handbook at bit.ly/2NLXxcu or visit the WSBI-ESBG website.
** Learn about Scale2Save at at bit.ly/2NJeXGJ or visit the WSBI-ESBG website.
** See the Scale2Save report at www.wsbi-esbg.org/KnowledgeSharing/scale2save

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