Considering the current developments in international payments highlighted by preceding speakers I would like to conclude that cross-border retail payments - including those in the euro area, in particular - are still in need of considerable improvement in terms of quality, efficiency and prices.
The aim must be a dramatic reduction of the existing marked differences between domestic and cross-border payment services and their complete elimination in the longer term, so that the motto of this conference, “one eurozone for retail payments”, can become a reality.