Worldline - 2019 Universal Registration Document

THE PAYMENT INDUSTRY Key Market Trends and Drivers of Change

Regulatory changes in the payment sector are expected to create B.4.3 new opportunities

The global regulatory landscape is complex and the number of new initiatives is increasing year by year, impacting the stakeholders in different ways. Please note below an illustration of Key Regulatory and Industry Initiatives KRIIs (source WPR 2019).

From 2020-2021

From 2021-2022

2018

2019

>2022

E

E

I

AML regulations

E

B

Bank payment obligation

Intraday liquidity norms and reporting

P2P lending regulations

India's new rule on payment transaction data storage

E

Singapore's new law on mobile wallet operators

E

Payment regulators

I

Distributed ledger regulations

I

E

E Electonic identification and trust services Payment security and technologies Singapore's new payment services legislation Cybersecurity Data privacy, protection, and internet & mobile payments security Initiatives to reduce cash use Bank charters for FinTech Firms

I

Risk-Reduction

E

I

Large value payment systems upgrades

I

Sepa initiatives

Payment Accounts Directive (PAD)

Interoperability measures in india

Unified platform for digital identity

Indonesia's cross-border QR payments regulation

Regulatory framework for FinTechs

Standardization

Instant payments

I E

Intermediate Point/Milestone End of the Initiative/Regulation Elasped Time KRIIs Introduced in WPR 2019

Interchange fee regulation

EU's new rules on cross-border payment charges Digital currency

i

Mobile wallet

PSD2 Open API banking platforms

Competition and Transparency

Global Payments Innovation Initiative by SWIFT

Australian payments plan

Cross-border, low-value payments processing

Innovation

Note: Timelines have been Provided for regulations where they are specified, no timelines are specified for industry-trend KRIIs; SEPA - Single Euro Payment Area; Payments Security and Technology Includes Contactless, Near Field Communication (NFC), Tokenization, Biometric authentication, and Mobile Point of Sale (mPOS); In this year’s report, KRIIs on data privacy and protection, internet payments security, and mobile payments security have been merged into a single KRII. Source: Capgemini Financial Services Analysis, 2019; World Payments Report, 2018, 2017, 2016, 2015, and 2014.

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Universal Registration Document 2019