CASE COMMENTS: REGULATIONS - PAYMENT TECHNOLOGIES - NOTICE

Financial markets: The French Competition Authority publishes its opinion on the new technologies applied to payment activities

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. The Competition Authority [the "Authority"] referred to the Commission in January 2020 for an opinion on the competition situation in the "new technologies sector applied to payment activities". The Authority has just published its opinion in which it notes the regulatory and technological changes affecting the banking sector, which is seeing the emergence of new players ("FinTech" and "BigTech") alongside the banks. The evolution of the payments industry The payments sector has been marked by regulatory and technological developments that have injected new dynamism into a sector that has historically been a banking monopoly. The emergence of FinTechs

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Authors

  • White & Case (Paris)
  • White & Case (Paris)

Quotation

Orion Berg, Alexandre Martin, Financial markets: The French Competition Authority publishes its opinion on the new technologies applied to payment activities, 29 April 2021, Concurrences N° 3-2021, Art. N° 102077, pp. 192-194

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