European Association of Corporate Treasurers, Ecommerce Europe, EuroCommerce and Independent Retail Europe express their concern about the European payments landscape

European Association of Corporate Treasurers, Ecommerce Europe, EuroCommerce and Independent Retail Europe express their concern about the European payments landscape and the economic impact of the lack of competition due to the practices and dominant size of the international card and wallet schemes in the European Union. We call on the European Commission for urgent action to curb the market-disturbing practises of both Visa and Mastercard card schemes. Lacking true European payment methods that are widely adopted by European citizens, the interests of consumers and merchants must be protected.