ETPPA has published an overview of its proposal for a European Retail Payments Framework (ERPF), which was provided to the European Central Bank and the European Commission in response to their retail payments strategy, aiming to actively foster pan-European market initiatives for retail payments at the point-of-interaction (POI).
Key benefits of ERPF include:
· Accessible to almost all EU citizens in all member states
· Challenges the cards and wallets from the East and the West with superior technology
· Leverages the significant investments of the whole payments industry into open banking/PSD2