European Payments Report Overview Part 3 – Open Banking Payment Ecosystem 2026
3. Open Banking Payment Ecosystem The Open Banking payment market in Europe is characterised by a competitive and increasingly decentralised infrastructure. The adoption of the revised Payment Services Directive (PSD2) created the legal foundation for Open Banking payments by requiring access to payment accounts for licensed third-party providers, subject to customer consent and security requirements. […]
European Payments Report Overview Part 2 – Card Payment Ecosystem in Europe 2026
2. Card Payment Ecosystem in Europe The European card payment market remains highly competitive and structurally decentralised, shaped by a mix of international schemes, domestic networks, processors, issuers, acquirers and regulatory frameworks. The implementation of the revised Payment Services Directive (PSD2) helped lay the foundations for a more digital and innovative payments environment across Europe. […]
European Payments Report Overview Part 1 – About Payments in Europe 2026
1. About Payments in Europe The redesigned European overview section of the Yearbooks edition 25-26 has a completely new structure. Beyond card payments, it now includes three competing European payment ecosystems: Card Payment ecosystem – card payments and its infrastructure Open Banking payment ecosystem – cardless payments directly from bank accounts Cash payment ecosystem – […]
European Payments Report – Introduction 2026
Introduction About the Yearbook This edition of the European Digital and Card Payment Yearbook contains 33 profiles, covering the countries which make up the European Economic Area (EEA) – the 27 Member States of the European Union (EU27) and the UK together with Iceland, Norway, and Switzerland – plus Serbia and Turkey. Like previous editions, […]
United Kingdom 2026
Market Overview Payment Organisations Payment System Regulator (PSR), since April 2015. Pay.UK, the new payment system operator, since 2017. UK Finance, the new UK banking industry association, since 2017. LINK operates the LINK ATM network scheme in the UK. VocaLink, owned by Mastercard since 2017, processes the UK’s Faster Payments system, settlements, and the direct […]
Turkey 2026
Market Overview Payment Organisation BKM is the interbank authorisation and switching centre. Domestic Payment Brands TROY cards co-badged Discover for international use. Market Structure In 2016, Turkey’s first domestic card scheme, TROY, went live. There were 435.47 million cards by end-2024. Debit cards, accounting for 44.65% of cards in circulation, are mainly used for ATM […]
Sweden 2026
Market Overview Payment Organisations BDB Bankernas Depå. Bankomat AB manages the Bankomat ATM network. Getswish AB operates the immediate payment service, Swish. Domestic Payment Brands No domestic card brand. Swish, the immediate A2A payment service of the Swedish banks. Market Structure Swedish debit cards are branded Mastercard, VISA, Debit Mastercard, Maestro, VISA Debit or Electron. […]
Poland 2026
Market Overview Payment Organisation Polski Standard Platnosci, the BLIK operator. Domestic Payment Brands No domestic card brand. BLIK, the digital A2A payment service of Polish banks. Market Structure The number of debit cards has grown slowly in recent years, while credit cards reached a peak of 33% of the cards total by end-2009, falling to […]
Denmark 2026
Market Overview Payment Organisation BOKIS, interbank organisation of the small Danish banks. MobilePay Denmark, operator of the mobile payment service, MobilePay. Domestic Payment Brands Dankort debit cards; co-badged VISA for international use. MobilePay is the mobile A2A payment service in Denmark. Market Structure Card use, already among the highest in Europe, hit 456.1 card payments […]
France 2026
Market Overview Payment Organisations Groupement des Cartes Bancaires, the interbank organisation. STET, the interbank CSM processor, absorbed SERS2 in 2015. Domestic Payment Brand “CB” is the domestic card scheme of the French banks. French private cards issued by French consumer finance banks. Lyf Pay, a domestic A2A payment service for online shopping. Market Structure Most […]