Web and technology giants are already knocking at the door, eager to leverage their existing user base to quickly gain market share in payment services. To achieve economies of scale and benefit from the integrated European payments market, providers of instant payment services should also ensure that their services are truly panEuropean.
Meaning, are we putting the needs of financial markets – that is, mainly private investors – before the needs of the real economy as a whole (price stability target)? There are no simple answers to these questions.