Major European ICT and media companies including British Telecom, Tele2 and Vivendi Universal have moved in behind the European Commission's i2010 strategy, backing efforts to create a unified regional regulatory framework and pledging to work together to maximise the opportunities of new technology for the community. Following a meeting with the EC this week to discuss how to give a spur to Europe's emerging digital economy, ten industry leaders said that they would support the basic principals of i2010, which calls for "completion of the internal market for electronic communications and media services, for a more modern and flexible legal framework for audiovisual content, for efficient and interoperable digital rights management and for strengthening investment in ICT." The strategy, unveiled by EC information society commissioner Viviane Reding last month, sets a roadmap for ensuring European Union citizens receive the full benefits of new technologies such as 3G, digital television, online music, VoIP and interactive internet services.
Alternative Payment Methods (APMs) – comprising digital wallets, instant payments, and QR payment systems – are experiencing explosive growth that's reshaping the global financial services marketplace. According to the latest worldwide market study by ABI Research , the combined global transaction value for APMs is projected to reach $142 trillion by 2030. What's particularly fascinating is the underlying driver behind this trend: a growing desire for financial sovereignty, with nations developing domestic payment ecosystems rather than remaining dependent on international financial networks. Payment Ecosystem Market Development In 2024, approximately 45 percent of the global population used digital wallets – a remarkable adoption rate for a technology that barely existed a decade ago. China leads this transition, with 95 percent of its population using WeChat's payment functionality. WeChat exemplifies the "super app" phenomenon, where payment capabilities are in...