4th Growth and Resilience Dialogue with Social Partners Presentation

Interoperability

•Only for established international brands (VISA/MasterCard/AMEX/Discover) •APIs for Banks or main industry players neither standardized or published •ACH recent development but limited to only banking sector; significant members of the economy excluded and by extension minimal innovation in this sector Public/Private sector discussion. •Public good needs to meeting private sector innovation. •Balance between monopoly, competition and cooperation. •David versus Goliath (Smarts versus Money/Power/Credibility)

Broader Transformation