The ETPPA has raised concerns that proposed digital euro initiatives may jeopardize open banking principles by potentially barring licensed Payment Initiation Service Providers (PISPs) from accessing digital euro accounts. They urge policymakers to ensure that the digital euro aligns with existing PSD2 and PSD3 regulations to maintain competition and innovation in the payments ecosystem.
As someone tracking digital currencies and open banking, consider the ETPPA's warning that current digital euro proposals could exclude Payment Initiation Service Providers (PISPs), potentially undermining open banking principles. It's crucial to advocate for policy frameworks that ensure non-discriminatory access to digital euro accounts, preserving competition and consumer choice in the evolving digital finance landscape.