Consultations

The EMA monitors and frequently responds to government and European consultations on regulation that impact the e-money and payment services industry. The relevant regulatory proposals and consultations are listed below.

EMA response on FSB recommendations for data flows in cross-border payments

EMA response on FSB recommendations for data flows in cross-border payments Read More »

Open Letter from Electronic Money Association to Chancellor Rachel Reeves on APP Scams Reimbursement deadline

The Electronic Money Association (EMA) sent a letter to Chancellor Reeves outlining our concerns regarding the implementation of the Authorised Push Payment (APP) mandatory reimbursement scheme. We have also written to the Economic Secretary to the Treasury.

As the EU trade body representing electronic money issuers and alternative payment service providers, we have highlighted several critical issues that need addressing before the scheme’s full implementation. These include concerns about the financial burden on smaller Payment Service Providers (PSPs), potential delays in system readiness, and the need to reconsider the maximum claims threshold.

We believe these matters are crucial for ensuring the scheme’s success and alignment with the broader goals of economic growth and innovation. We would very much appreciate the opportunity to discuss these concerns in further detail and explore potential solutions that could benefit both consumers and the payments industry.

Read EMA’s full letter here

Open Letter from Electronic Money Association to Chancellor Rachel Reeves on APP Scams Reimbursement deadline Read More »