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An interview conducted by the European Payments Council* with Marc Hemmerling, General Counsel – Digital Banking, FinTech Payments of the Luxembourg Bankers’ Association (ABBL), the oldest and largest professional association in the financial sector in Luxembourg, representing the majority of financial institutions as well as regulated financial intermediaries established in this country.
How strategic are payments for Luxembourg and its financial community?
In recent years, payments have become a strategic service offered by banks as emerging new players such as electronic money or payment institutions entered the payments market. This move to a strategic service has been amplified by the new revised Payment Services Directive...
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