Digital Single Market
Digital Single Market Newsroom

Press Releases :: Electronic money: Commission proposes clear legal framework for innovative payment solutions

Electronic money: Commission proposes clear legal framework for innovative payment solutions

(13/10/2008) The European Commission has put forward a proposal revising the current rules governing the conditions for issuing electronic money in the EU. The proposal follows extensive consultation which showed that the current rules, dating from 2000, have hindered the take-up of the electronic money market, hampering technological innovation. The revised rules will facilitate market entrance for new providers and contribute to develop an industry whose expected volume could reach up to EUR 10 billion by 2012.

Read the full press release

Additional Information

Commission Press Room: IP/08/1491

See also: Electronic money proposal - Frequently Asked Questions