Spring is in the air, also in payments, with new payment methods, at the counter and online, and with our annual report. The yearly survey on POS payments by DNB and the Payments Association shows that physical debit cards are giving way to virtual debit cards on our smartphones and smartwatches. The Thuiswinkel Market Monitor reports on shifts in online payments. Shopping Tomorrow looks at much easier and faster future online payment methods. These include direct debits, deserving a smooth and reliable way to provide e-mandates. The Instant Payments Regulation came into effect at the beginnin ..read more

The Dutch Payments Association presents its annual report for 2023. A major theme running through our annual report are the developments and legislation in the EU for which the Dutch payment system proves to be an inspiration. In the Netherlands, for example, Instant Payments were already widely introduced in 2019 under our direction. Last year, the EU agreed on legislation that will make Instant Payments mandatory throughout the EU from 2025. Another example is the availability and accessibility of cash. To this end we concluded the Cash Covenant in 2022, under the direction of DNB and toget ..read more

The use of smartphones for payments has increased again in 2023. Nearly four in ten debit card payments at points-of-sale at the end of last year were made with a mobile phone or smartwatch. One year earlier, the figure was three in ten. Other payments, such as in web shops and between family and friends, are also increasingly made with a mobile banking app. Strong rise in use of debit and credit cards in public transport Since June 2023, you can check in and out with a contactless debit or credit card in all Dutch public transport, even with a virtual card on a smartphone or smartwatch. This ..read more

This is already our last Betaaljournaal, in an eventful payment year with many different activities and milestones. This edition covers some of these, with important new developments, including for SPAA and Instant Payments, in the processing of deposited cash and for the Thuiswinkel Market Monitor. Accessibility remains a leading topic and we underlined this last month with a well-attended and successful Annual Conference, entitled Time for Accessibility. We enjoyed meeting with many of you at the event. You can read more about it in this newsletter. Ahead of the conference, our General Assem ..read more

It is almost time for our annual conference; less than a month to go! It should not be a surprise that this year’s conference is all about accessible and inclusive payments. Last week, we already held a meeting with our members on the European Accessibility Act. However, all other developments in payments continue unabated, starting with preparations for a possible introduction of a digital euro. The European Central Bank’s board decided last week to move to the next stage of preparations. The European Commission presented a legislative proposal to ensure sufficient availability and acceptance ..read more

Back to school! I hope everyone had a nice summer vacation and could return to work with new inspiration and energy. Thanks in part to the far-reaching harmonization of European payments in recent decades, our trips and vacations across borders have become notably easier. We can pay electronically everywhere, inside and outside the euro zone, with the Netherlands in the vanguard. Yet this harmonization continues apace. In this newsletter you can read about the EU plans for the follow-up to PSD2, with a new PSR regulation and a PSD3 directive. And with a legislation package for a digital euro ..read more

Graduates are celebrating and the rest of us are preparing for a warm summer vacation. For everyday payments and banking, it will be a warm summer too; a summer piloting 19 bank information points in 10 municipalities where everyone who cannot keep up with the rapid digitisation will be warmly welcomed. The Minister of Finance has stated that accessible banking also includes cash, to manage spendings for people without digital skills, amongst others. Together with our members and the Dutch Banking Association, we will confer with the Dutch national bank and the Ministry of Finance on proposed ..read more

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In October 2022, the Dutch Payments Association presented the “Study into the costs and revenues of payment services for financial institutions 2021” to its members and stakeholders. This report provides a fair picture of the banking costs and revenues associated with payment services in the Netherlands, for the first time since 2006. The Dutch payment system is very efficient and the user fees are much lower than on average in Europe. The transaction volume has more than doubled compared to 2005, while processing fees have only increased by 5%. Nevertheless, banks suffered a combined loss of ..read more

After a abundantly sunny summer vacation, most of our colleagues and members have returned to work. During the summer, we were particularly busy (together with members, DNB and McKinsey) with the major survey into the profits and losses of payment transactions. Meanwhile, a great deal of consultation took place about the introduction of travelling in public transport with debit and credit cards, the distribution of cash, payment options for Ukrainians and debit card acceptance, to name but a few other issues. In addition, responses to various European consultations are being worked on. Since l ..read more