ICC Issues Brief #4: Electronic payment services and e-commerce
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Part four in a series of ICC issues briefs to assist WTO Member States in their plurilateral negotiations in Geneva on the trade-related aspects of e-commerce.
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Payments services are critical drivers of financial inclusion. In developing countries, they are often the first point of entry for consumers into formal financial services. Globally competitive EPS technology provides individuals, especially those in lower-income and remote segments of society, with easier, cheaper, and safer access to financial services.
This ICC brief – the product of extensive consultation with businesses across a range of sectors participating in or affected by the digital economy – outlines the need for negotiators to commit to revise their schedules under the General Agreement on Trade in Services (GATS) to provide unconditional commitments on market access and national treatment with respect to EPS.