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Nice one - hilarious and frighteningly correct

Remember the customer surveys about take-up of mobile phones? Or if shoppers want to buy clothes online?

Innovation is always overestimated in speed and underestimated in impact.

If nothing else threatens the banks it's their own complacency.

Please note that PPRO is not a TPP, but an aggregator and "wholesale provider" of a wide range of different payment methods incl. TPPs, but also all the bank-based redirection solutions like iDEAL or giropay. As such we are not partial to any account access methodology, but well positioned to bridge any gaps between the different parties being obliged to collaborate under PSD2.

Rightly or wrongly, interchange is trending towards zero, so I think it's right to not introduce one here. Banks have to charge their customers directly to offset their cost, not third parties. Having said this, they will also make money from TPPs if they agree to promotions or other marketing cooperations.