This credit card has a carbon-emission spending limit

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Charlotte Edmond, Formative Content From bananas and sausages to flights and fuel, we all like to keep a tally of what we spend. But whether we monitor the price in dollars, rupees or yuan, it’s unlikely we are also […]

Why Sweden’s cashless society is no longer a utopia

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Cecilia Skingsley, Deputy Governor, Central Bank of Sweden (Sveriges Riksbank) The Swedish retail payment market is rapidly moving away from using cash. The outstanding value of cash in circulation has dropped to 1% of Swedish GDP. This development […]

Commission caps charges on card and Internet payments and enforces competition

It was high time that the European Commission tried to arrest the over-exploitation of European consumers by a handful of banks and credit card providers. This week Joaquín Almunia, Commission’s Vice President responsible for competition policy, and Michel Barnier, EU Commissioner in charge of internal market and services presented one draft regulation and one directive amendment, […]