I would like to stress that the entrepreneurial drive and long-term orientation of the German Mittelstand sets an important example for the business life all across Europe, an example that could help to strengthen the foundations of European productivity and competitiveness. Climate change is not only an existential threat to our planet but also reinforces the urgency of Europe’s economic renewal.
The process will expand the range of possibilities available to businesses and consumers, such as executing smart transactions, contactless transactions, transactions via mobile phones, and it will accelerate the integration of electronic wallets and advanced payment applications.