There is nothing wrong with that – as long as our regulatory requirements are respected and there is competition and diversity in the payments market. But will there be sufficient competition and diversity in the European payments market in the long run if we continue as we are doing now? What is the biggest challenge for payment service  providers in Europe?
Is it the harmonisation and integration measures introduced by central banks and regulators, or is it global competition? Might it not be more future-oriented to aim to deliver strong and resilient domestic European  payment services in general and truly pan-European instant payment solutions in particular, rather than defending national legacies or creating new regional or group-specific solutions?