PayPal Secures EPC Seat to Help Guide Future of European Payments

PayPal has secured a seat on the European Payments Council (EPC), a move that gives the global payment giant a direct hand in shaping the regulations and technical standards of European commerce. For retailers and service providers, this means the primary tools you use to collect customer payments—including PayPal’s Buy Now, Pay Later (BNPL) products—will likely become more deeply integrated with native European banking systems. PayPal’s influence will focus on streamlining cross-border transactions and improving the security of digital wallets. This seat allows PayPal to represent the interests of non-bank fintechs as new rules for instant payments and credit transfers are written. While the EPC is a European body, the standards set here often dictate how global platforms update their software and cost structures. Merchants can expect PayPal to push for faster settlement times and more standardized checkout experiences across the continent. This shift could make it easier for U.S.-based operators with European branches to offer consistent financing and payment options without navigating a different regulatory maze in every country.

Source: PYMNTS

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