The payments sector is experiencing a period of rapid growth, as more people shift from cash to paying by card and online, which is sparking takeovers.
"When card brands diminish human choice in the payments sector, they corrode a part of freedom itself in the wider economy," said Mike Lee, the ATM group's chief executive.
So while disrupting the payments sector is surely exciting for the card-reader company, Square clearly has bigger and better plans when it comes to the end-goal.
The National Bank of Belgium impressed us with its understanding of the payments sector and openness to innovation, while at the same time being a strong and trusted regulator.
Innovation from the convergence of technology and financial services in the payments sector has so far been explosive, with paytechs and challenger banks generating a refreshed interest in the payments space.
"As the entire banking value chain is being challenged, the payments sector has seen the most profound transformation," noted Sebastian Siemiatkowski, Klarna's co-founder and CEO, in a statement.
"As the entire banking value chain is being challenged, the payments sector has seen the most profound transformation," noted Sebastian Siemiatkowski, Klarna's co-founder and CEO, in a statement.
SEPA is in many ways essential for a well functioning internal market, since one has to make payments in every case". Opening up competition in the payments sector could boost the European economy by at least €123 billion over six years and this could climb to even €300 billion, according to the impact assessment published by the Commission.
As the former president of PayPal, he understood the online payment sector but had no experience in the media and advertising industries.
