The main concern of central banks is to maintain confidence in money by fostering safe and efficient retail payment systems. However, the issues that need to be addressed are changing. First, the digitalisation of the retail payments industry means that the security requirements need to be adapted and enhanced accordingly.
Second, the emergence of new payment services and payment service providers requires a level playing field for newcomers and for long-established players, as well as an appropriate level of protection for the payment service users. Third, while Europe is striving for panEuropean solutions, global service providers offering global solutions present a further challenge that has to be tackled. Let me conclude.