European citizens are enthusiastic users of online services. In 2014, around half of all EU consumers shopped online, according to European Commission press release. Yet, only around 15% of them bought online from a seller based in another EU Member State.
This indicates that significant cross-border barriers to e-commerce still exist within the EU. For example, technical barriers, such as geo-blocking, may prevent consumers from accessing certain websites on the basis of their residence or credit-card details.
The European commissioner Margrethe Vestager has therefore decided to propose to the College of Commissioners to launch a competition inquiry in the e-commerce sector, to contribute to the Commission’s objectives of achieving a Digital Single Market.
The sector inquiry will focus on private – and in particular contractual – barriers to cross-border e-commerce in digital content and goods. In the course of the inquiry the Commission intends to gather information from a large number of stakeholders in all Member States.
Commissioner Vestager stressed: “It is high time to remove remaining barriers to e-commerce, which is a vital part of a true Digital Single Market in Europe. The envisaged sector inquiry will help the Commission to understand and tackle barriers to e-commerce to the benefit of European citizens and business.”
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below: