Find stats on top websites
Industry Landscape
The European fintech payment infrastructure market is undergoing rapid transformation, driven by cloud adoption, API-first solutions, and regulatory changes like PSD2 and VOP. Automation, real-time processing, and enhanced compliance are key demands. Competition is increasing from both established players and agile startups, pushing for more efficient and interconnected payment ecosystems across the continent.
Total Assets Under Management (AUM)
Digital Payment Transaction Value in France
~3.5 trillion USD (estimated for Western Europe in 2023)
(10-15% CAGR)
- Digital payments continue to grow significantly, driven by e-commerce expansion.
- Mobile payments and real-time payment schemes are key contributors.
- Cross-border digital transactions are also seeing substantial growth.
Total Addressable Market
5.5 trillion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI in Payments
Generative AI can automate complex payment reconciliation, fraud detection, and customer service, improving efficiency and accuracy within payment operations.
Embedded Finance APIs
These APIs allow non-financial companies to seamlessly integrate financial services directly into their products, expanding the reach and accessibility of payment solutions.
Distributed Ledger Technology (DLT) for Cross-border Payments
DLT (e.g., blockchain) offers the potential for faster, cheaper, and more transparent cross-border transactions by eliminating intermediaries and reducing settlement times.
Impactful Policy Frameworks
Payment Services Directive 3 (PSD3) & Payment Services Regulation (PSR)
Proposed in June 2023, PSD3/PSR aims to update and replace PSD2, enhancing consumer protection, open banking, and combating payment fraud across the EU.
This will require payment infrastructure providers like Numeral to adapt their APIs and security protocols, and potentially offer new fraud prevention features to remain compliant and competitive.
Instant Payments Regulation (EU 2024/886)
Adopted in February 2024, this regulation mandates all EU banks to offer instant credit transfers in euro within 10 seconds, 24/7, with no extra charges for consumers.
Numeral will need to ensure its platform facilitates seamless instant payment processing and reconciliation, leveraging its multi-banking capabilities to support clients' compliance with this new mandate.
Data Act (EU 2024/888)
Entered into force in January 2024, the Data Act establishes rules for sharing data generated by connected products or related services, promoting data access and portability.
Numeral will need to ensure its data management and sharing practices comply with the Data Act, potentially creating opportunities for new data-driven services for its clients while safeguarding privacy.
Transform Your Ideas into Action in Minutes with WaxWing
Sign up now and unleash the power of AI for your business growth
