4 Conclusion: a Europa dimension will be key European sovereignty does not mean protecting the European market from external competitors. Openness to global competition is crucial if the European payments market is to foster efficiency and innovation.
But we should also ensure that European players remain competitive and that we do not end up in a situation in which we are completely dependent on non-European players. So what does this mean? First, I believe we need a pan-European solution for payments that is governed at the European level.