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National retail payments strategy

NATIONAL RETAIL PAYMENTS STRATEGY

The national retail payments strategy was presented by Michel Sapin, Minister of Economy and Finance, in October 2015. The objective of the strategy is both to spur the development of innovative payment solutions and to reinforce the competitiveness of the French retail payments industry.

The national retail payments strategy is divided in four main parts:

  • Part 1 – Better fit to the needs of users
  • Part 2 – Reinforce the security of payment instruments
  • Part 3 – Increase the competitiveness of the French retail payments industry
  • Part 4 – Improve governance in the field of retail payments

The creation of the National Cashless Payments Committee is the cornerstone of part 4. The Committee is in charge of coordinating the implementation of measures laid out in part 1 of the strategy.

Updated on: 12/14/2017 12:08