For the merchants, the digital euro, as a true pan European retail payment solution, would allow for enhanced bargaining power in the payments market that is currently dominated by a few dominant providers. 11. See Written feedback after the 6th Euro Retail Payments Board (ERPB) technical session, March 2023. 12.
Banks are mentioned here as an example of a payment service provider (PSP) that could distribute the digital euro. The Eurosystem believes that all PSPs as defined in the revised Payment Services Directive (PSD2) – i.e. credit institutions, electronic money institutions and payment institutions – could distribute the digital euro. 13.