How Europe Will Influence The Way We Pay In The Future

by MR Magazine Staff

Europe has been the home for a number of new concepts over the years that eventually changed how commerce was conducted globally. For example, the first EMV system was released in Europe in 1994 to reduce in-person card fraud. Now two decades later, nearly two-thirds of transactions are completed globally using this standard, according to EMVCo, a consortium that works to facilitate the interoperability and acceptance of EMV. In time, initiatives and regulations originating in Europe today are likely to expand beyond the regional borders and impact global commerce tomorrow. Coming off the recent Money20/20 Europe event in early June, the below takes a deep dive into the three ways Europe is most likely to influence the global commerce scene in the years ahead. Read more at Forbes.