The European parliament recently voted for making the EU Identity Wallet (EUIDW), mandatory to support by banks. It might be of interest to know that the current draft for the EUIDW when used in a C2B payment scenario, eliminates intermediaries: https://lnkd.in/d_NPkKwy
This may come as a shock 😱 for the banking community that to date, haven’t really bothered optimizing the business model for A2A transactions by removing the historical “cruft” imposed by the card networks. Not even BIN databases are needed 😁
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