The European Payments Council spoke with Alexandre Saiz – CEO of MONEI, a new member organisation that joined the EPC on 1 January 2025. In this interview, Alexandre provides insights into MONEI’s journey, the motivations behind joining the EPC, challenges in the payments industry, and the company’s forward-looking vision.
What are the strategic challenges in the retail payments and account-to-account (A2A) payments markets?
In the retail payments market, strategic challenges include:
Rapid technological advancements: keeping pace with emerging technologies such as contactless payments, mobile wallets, and blockchain requires continuous innovation.
Regulatory compliance: navigating complex and evolving regulations across different regions demands significant resources and expertise.
Security concerns: protecting against fraud and cyber threats is paramount, necessitating robust security measures and constant vigilance.
In the A2A payments market, challenges encompass:
Standardisation issues: the lack of uniform standards across financial institutions can hinder seamless A2A transactions.
User adoption: encouraging consumers and businesses to transition from traditional payment methods to A2A solutions requires building trust and demonstrating clear benefits.
Interoperability: ensuring that different banking systems can work together smoothly is essential for the efficiency of A2A payments.
What future developments and challenges do you anticipate in the near term?
In the near term, the payments industry is likely to experience:
Increased digitalisation: a continued shift towards digital payment methods, accelerated by technological innovation and changing consumer behaviours.
Regulatory evolution: ongoing updates to regulations, particularly concerning data protection and open banking, will require adaptability.
Competitive landscape: the entry of new fintech players and the expansion of existing ones will intensify competition, necessitating differentiation through innovation and customer service.
The full interview here
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MONEI is a regulated payment institution under the supervision of Banco de España. It offers a comprehensive platform that enables businesses to accept a wide array of payment methods, both online and in-person, through a unified system. MONEI’s standout features include seamless integration capabilities with popular e-commerce platforms like Shopify, Wix, and WooCommerce, as well as robust application programming interfaces (APIs) and software development kits (SDKs) for custom integrations. This flexibility allows businesses to tailor payment solutions to their specific needs, enhancing the customer experience and streamlining payment processes.
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:
