In this episode, we discuss the concept of sovereignty in the context of payment systems, exploring its implications and the confusion it can create. We debate its relevance vs. the importance of resilience and efficiency, and potential risks associated with a lack of sovereignty. The conversation also touches on the role of open banking guaranteeing EU sovereignty for the time being, and the need for more payment options to reduce dependency on foreign actors.
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19:15
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19:15
TPT #23 STABLECOINS
In this episode, we engage with Tony McLaughlin, a well known expert on the subject, who previously served 20 years as Citi's payments brain. Together we explore the transformative potential of stablecoins in the financial landscape, the evolution of payment technologies, the regulatory landscape surrounding stablecoins, and the future role of banks in this new ecosystem. The discussion highlights the importance of user experience and adoption challenges, as well as the sovereignty issues posed by global competition in the stablecoin market.
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42:53
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42:53
TPT #22 REQUEST TO PAY
This episode delves into the concept of Request-to-Pay (RTP), exploring its historical roots, current challenges, and future prospects. The discussion highlights the potential of RTP to streamline payment processes but also addresses the obstacles it faces in gaining traction among banks and consumers. Key insights include the importance of harmonizing RTP with existing payment systems, the role of banks versus non-bank players, and the need for a clear economic model to support its adoption. The focus is on the EU version, SEPA Request-to-Pay (SRTP), which has been implemented as an EPC scheme.
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31:24
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31:24
TPT #21 EPC CHAIR
This episode features a transition in the leadership at the European Payments Council (EPC), with Javier Santamaria reflecting on his 13 years tenure as its chairman and Gijs Boudewijn stepping into the role. In return, Javier is succeeding Gijs in this podcast representing mainly the bankers' perspectives. The conversation explores the evolution of payments in Europe over the past two decades, the challenges posed by new technologies and regulations, and the importance of maintaining a strong voice in the face of political pressures. The participants discuss the future of payments, including the role of ISO 20022, digital currencies, and the need for collaboration and evidence-based regulation.
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40:46
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40:46
TPT #20 GIROAPI
In this episode, we host Jens Holeczek, the leader of the German giroAPI project to discuss this initiative and its differentiation from SPAA. The conversation explores the broader scope of giroAPI, its current status, and the commercial model that underpins it. We also compare the governance structures of giroAPI and SPAA, emphasizing the need for collaboration. The episode concludes with reflections on the future of these initiatives and the importance of their harmonization and convergence.
The Payments Trilogue is a podcast of 3 seasoned payments professionals aiming to foster the European payments industry's stakeholder collaboration and self-regulation.
Michael Salmony, Javier Santamaria and Ralf Ohlhausen discuss current topics from their different perspectives.
A light-hearted, in-depth and sometimes controversial view on what is hot in payments and beyond.
Portugal