ECB: Panetta, concentration risks in digital payments

(ANSA) - ROME, OCTOBER 22 - The ECB and the European authorities will keep their guard on the risks of an excessive concentration, in the hands of a few subjects, of the digital payments market (online and cards), now dominated by a few subjects such as Paypal , Visa and Mastercard, with a further danger in view of the arrival of bigh techs (Amazon, Apple, Alphabet, Facebook and Microsoft ed). This was stated by the member of the board of the ECB Fabio Panetta at an online event according to which the Eurosystem must "facilitate market entry and diversity in the provision of payment services, in particular of European entities" in order to "increase competition in all segments. of the value chain ". (HANDLE).