European Payment Systems from a US PoV

Bitesize Payments

Welcome back to Bitesize Payments. Where we discuss their history, how they work and who does what.

Today we are going to do the reverse of the last podcast with Eric Grover – we will be looking at Europe from an American's point of view.

We say Europe, but what do we mean? What’s the EU, SEPA, and EEA? We will walk you through that.

Obviously, European history is a little more complex as, among other things, we had nearly 30 different currencies and all that entails.

Last time Eric spoke, we discussed the USA from a European's point of view. Today we are going to do the reverse.

I have always been amused and confused by our differences. Mostly, we can sort out our language to smooth things over and understand each other, as at the end of the day, payments are just that – payments.

However, the EU has a few – well, maybe a lot – of complexities that are not always clear and frankly are a little fuzzy even for us. But it’s basically a lot of countries now trying to work together as a single (ish) entity.

I have spent a lot of my career working for US firms, and it became almost a second skill to try and speak Europe to my North American colleagues.

Let's dive down the rabbit hole. Here we go….

Payments Industry Insights

History of Payments

Payment System Explained

Corporate Payments Strategy

Payment Regulations Impact

ISO20022 Standard

Digital Payments Evolution

CBDC Advancements

Cryptocurrency in Payments

Financial Technology Education