We also support the creation of cooperative oversight frameworks whenever a payment arrangement is relevant to multiple jurisdictions. Fourth and finally, we are reforming the European retail payments strategy. Earlier this month the ECB’s Governing Council decided to relaunch its retail payments strategy.
One of our aims is to actively foster pan-European market initiatives for retail payments at the location of the purchase or interaction. [11]  Conclusion Let me conclude. The benefits of financial innovation should be available for all to see and experience.