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Whatever the actual plan and reasoning behind it, it should take advantage and compliment the PSD2 API and Open Banking ecosystem and everything that was already lauched this year. So much work has already been done and generally in the right direction. Building another scheme from scratch would waste huge amounts of resources and development effort again with questionable value. With too many parallel systems especially the smaller banks are not even able to support them and these who can will lose focus. As a result - worse quality, less innovation and good competition and Eurozone as a whole will fall behind. Both cards and Open Banking in essence are actually just access chemes for some 3rd parties to execute bank2bank payments from customer accounts.

As I see it the current PSD2/Open Banking world needs some improvements to satisfy all what described above:

* easier and more straight-forward access to the system. Many Start-ups and even older-players are struggling to aquire the licences, certificates etc.

* harmoziation of standards - actually a one single standard would be best. Currently it is a mess out there with that one.

* services and fuctionality - some basic things are optional and some are mandatory that no-one uses

Hope the decision-makers will do the right thing:)