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Brussels

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2022

Kjeld Herreman

Head of Strategy Advisory at RedCompass Labs

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Bio RedCompass Labs is a consulting and technology firm specialised in payments. I head their Strategy Advisory practice.

Kjeld is Commenting on

EU agrees game-changing deal for instant payments

Martin, If we consider European retail payments, they are extremely dependent on (primarily US) payments giants, ie Visa & Mastercard. With the emergence of instant payments, new "payment vs delivery" use cases are unlocked, especially when combined with overlay services such as open banking, request to pay, or EPI. Having merchants accept payment methods that rely on these instant payment rails rather than card rails, which are potentially subject to US policy and interests, provides a viable anternative for European payment service users. This, in turn, increases European sovreignty in the eyes of the regulators.

10 Nov 2023 Reply Read article