Quite possibly, if China did not exist, we would today be talking about the Indian miracle.
It provides the basis for the SEPA standards that are needed so that “any SEPA card could technically work at any SEPA terminal”. The ECB welcomes the EPC’s commitment to ensure that the Book of Requirements continues to develop in close dialogue with stakeholders in the SEPA cards market, who are represented in the EPC Cards Stakeholders Group established last year.