Joint statement on the digital euro

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On 15 March, associations from the Merchant Payments Coalition Europe – Ecommerce Europe, Independent Retail Europe, International Air Transport Association (IATA), HOTREC – Hotels, Restaurants, Bars & Caf├ęs in Europe and SMEunited – published a joint statement on the digital euro. Merchants across sectors share a common ambition for the future of retail payments in the EU, but also share specific concerns such as the rising payment costs.

The statement underlines that the digital euro has the potential to transform European payments by increasing efficiency, promoting innovation, and placing Europe at the forefront of payment technology. Merchants are the business end-users of the EU payment ecosystem and are currently limited in their ability to negotiate fair terms with incumbent payment service providers to offer consumers affordable products and services. A balanced digital euro project will secure fairer competition across the Single Market while reducing dependency on foreign payment actors and supporting EU competitiveness on the global stage.

Read the joint statement here.

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