DANISH PAYMENTS COUNCIL REPORT ON NON-BANKS IN THE PAYMENTS MARKET September 2016 Report on non-banks in the payments market Text may be copied from this report provided that the Danish Payments Council is specifically stated as the source. Changes to or misrepresentation of the contents are not permitted. The report can be downloaded from Danmarks Nationalbank's website, www.nationalbanken.dk, under Banking and payments, Danish Payments Council. The report is based on information available up to 19 August 2016. Inquiries about the report should be directed to: Danmarks Nationalbank Communications Havnegade 5 DK-1093 Copenhagen K Telephone +45 33 63 70 00 (direct) or +45 33 63 63 63 Inquiries: Monday-Friday 9:00 am-4:00 pm Email:
[email protected] www.nationalbanken.dk 2 CONTENTS 1 Introduction and conclusions.................................................................................................5 1.1 Conclusions .....................................................................................................................5 1.2 Background .....................................................................................................................6 1.3 Definition and scope ........................................................................................................7 1.4 Contents ..........................................................................................................................7 2 The payments market undergoing change ............................................................................9