Mobilepay is aiming to gain more market share in Finland, and has not introduced fees, but there is speculation the firm may start charging its customers in Denmark.
Three payment trends for 2021: platform war, safety and Big Tech
Published 3 months ago
1. In 2021, we’ll see the
war of platforms continue.
The USA took moves to ban TikTok and WeChat in 2020, while the EU threatened to ban Facebook for sharing data outside of Europe. In turn the social media giant threatened to leave EU operations behind. China of course has already blocked Facebook, YouTube, Instagram and Twitter for several years. These geo-political decisions have added to an increase of
uncertainty.
Consequently, the importance and value of
regional financial services has risen. Take the European Payments Initiative (EPI) for example. Launched in 2020, it aims to bring European payment providers together to create independence from non-European service providers.
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