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forecourtech 2018, SPA Supporting Organization and Speaking

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NXP joins SPA as Advisory Council Member


Smart Payment Association Announces Cooperation with NXP Semiconductors

Welcomes NXP as Market Monitoring Advisory Council Member of SPA

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Payments Summit 2018, SPA Supporting Organization

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CPI Card Group® and Smart Payment Association (SPA) Enter Partnership

CPI Card Group becomes a Market Monitoring Advisory Council Member of SPA


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The Role of Identity in Digital and Virtual Currency Schemes - Latest SPA Paper - January 2018

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The Role of Identity in Digital and Virtual Currency Schemes


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Smart Payment Association - January 2018 Update

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4th Host Card Emulation Summit 2017, SPA Supporting Organization

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1st December 2017, Brussels, Belgium

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Trustech, SPA Supporting Organization


28-30 November 2017, Cannes, France

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IFSF Annual Conference 2017, SPA Partner Organization

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14-15 November 2017 - Paris

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IoT 2017 Payments, SPA Supporting Organization

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10-11 October 2017, Austin, TX - USA

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SPA's Position on the European Banking Authority (EBA)'s Consultation on the Draft recommendations on outsourcing to cloud service providers under Article 16 of Regulation (EU) No 1093/20101

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Could Cooperative Competition Offer a Way Forward for Banks and Fintechs?


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Could Cooperative Competition Offer a Way Forward for Banks and Fintechs? Latest SPA Paper - October 2017

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Munich, 9th October 2017 – the Smart Payment Association (SPA), the trade body of the smart payments industry, today launches its latest insight paper exploring the potential of cooperative competition between banks and fintechs.


Coopetition or co-opetition is the buzzword for the concept of “cooperative competition” - a term that perfectly encapsulates the current hybrid relationships that exist between banks and fintechs.



Innovative IT products and services continue to transform the financial sector, with fintechs developing specific finance technologies that have the potential to disrupt and revolutionize how we borrow money, manage our financial assets or make payments.



In recent years new e- and m-banking technologies have proven highly successful at delivering convenient and easy online access and management capabilities for banking customers. But with the advent of the Payment Systems Directive 2 (PSD2), fintech Third Party Payment Providers (TPPs) will also be given access to customer account information. In the past, during the e-banking breakthrough, the focus was on good access technology and customer authentication. Now these same technologies could potentially be used by non-banking entities to compete with banks. This shift will require a revision of existing legal frameworks to ensure customers remain protected.



The Smart Payment Association (SPA) believes that, despite the current fintech buzz, in 2020 banks will continue to play a dominant role as retail payment intermediaries. In other words, despite all the hype around new payment instruments and market incomers, the structure of the retail payment market is stable and unlikely to change for the foreseeable future. Indeed, in the last decade, only two third party initiatives have achieved breakthrough success - PayPal and Alipay in China – neither of which can be strictly considered as a fintechs.



The reality is that card payments around the globe continue to grow steadily and the observed reduction in the number of cash transactions is benefiting contactless cards, rather than alternative payment means, such as digital currencies. In seems that the recent history of the payments card market has not, therefore, been greatly impacted by the fintech evolution. In the longer term, however, the payment preferences of the Millennial generation may well determine a different future payments landscape.



The SPA notes that in recent years banks have demonstrated a great ability to pioneer and leverage their infrastructures with major IT breakthroughs and that many fintech innovations typically relate to back-office processes – something that may well represent an opportunity rather than a threat for conventional players. For example, recent blockchain use cases rationalize processing by enabling cooperation between competitors. In the present context, where bank direct investments are considered at risk, sharing efforts makes sense. This is one reason why many institutions have organized consortiums to help fund fintech research and development efforts.



Yet there are financial services - Third Party Payment Provider (TPP) services, crowdfunding - where fintech might directly compete with banks – and the financial industry at large needs to monitor and control the potential risks arising from financial services being offered by fintech incomers. New actors offering financial services might, for example, also issue their own payment instruments. Since card payments are primarily bank and scheme centric, if the banking sector’s position is challenged by fintech, so too is that of the card industry.



This challenge will be stronger if the banking industry appears weakened. With this respect, SPA notes that the European Banking Authority (EBA) has observed that following the financial crisis the European Union (EU) ’s banking sector is now consolidating. If this trend continues, there will be multiple opportunities for banks and fintechs to collaborate in the development of new services without substantial changes to the market structure.



In this paper, in the wake of the European Commission (EC) and EBA consultations on fintech, as well as the positions expressed by the European Parliament, SPA shares its views with the payment industry. While recommending a specific legal framework is outside our domain of expertise, this document is intended to prompt discussion by examining some of the issues that will need to be addressed: business models, collaborative patterns, the role of international standards and financial data security. Important questions that, in the opinion of the SPA, have not yet been sufficiently debated.


Download pdf Paper (199 KB)

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Smart Payment Association - October 2017 Update

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Wearable Tech: A Growing Payment Opportunity - Latest SPA Paper - July 2017

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Wearable Tech: A Growing Payment Opportunity - An SPA White Paper - July 2017

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SPA Launches New Market Monitoring Advisory Councils - June 2017

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Two Advisory Councils open up participation in market monitoring activities and data to non-SPA members





• Non-SPA members operating in the payment value chain can participate and collaborate in market monitoring activities as Advisory Council Members



• Advisory Council Members gain access to proprietary market data sets that keeps them abreast of global market trends



• Provides valuable networking opportunities with other organizations operating in the wider payment ecosystem


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2016 Top Smart Payment Card Shipment Figures - May 2017

• Over 2 billion smart payment cards shipped globally in 2016 by SPA members

• Contactless card shipments account for more than 50% of shipments in most regions

• Most regions exhibit double digit growth, with India’s transition away from cash producing a five-fold increase in smart card shipment volumes

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Instant Payments Summit 2017, SPA Supporting Organization  

We are proud to introduce world’s first dedicated Instant Payments Summit. Real Payments is real - 2017 has been be dubbed as the “Year of Instant digital Payments” and this event comes very timely especially for Banks, Merchants and Payment Service Providers (PSPs). This unique initiative supported by Nets A/s will be presented by some of the industry’s leading thought leaders and domain experts who will bring vital insights from live implementations and could help you drive your own Instant payments initiative.

For more info please stay tuned at



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Instant Payment Systems Security - An SPA Paper - April 2017

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International Forecourt Standard Forum (IFSF) and Smart Payment Association (SPA) announce cooperation

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We wish you all a very happy, and increasingly cashless New Year!

 Cashless World


Having enjoyed the holidays here at the SPA, we would like to wish you all a very happy, and increasingly cashless New Year!

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Transitioning to a Cashless World – the Current State of Play - January 2017

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Smart Payment Association - December 2016 Update:


Dear Colleagues,


In recent months, we’ve seen the payment industry’s innovation agenda take a significant step forward. After much work, the standardization initiatives, and regulatory and authentication frameworks, are at last coming together.

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Cashless World - SPA Supporting Organization

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November 7-9, 2016, Brussels, Belgium

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Money 20/20 - SPA Supporting Organization

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Las Vegas, October 23-26, 2016

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Security of Things: Security, Authentication, and the Internet of Things, SPA Supporting Organization

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Chicago, Illinois, USA, 18-19 October 2016

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Retail Banking Forum - SPA Supporting Organization

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Vienna, Austria, 12-13 october 2016

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Blockchain for Finance - SPA Supporting Organization

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London, 3rd October 2016

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Smart Payment Association - September 2016 Update

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Dear Colleagues,

The global payments industry is moving at a fast pace. Driven by pressure from major e-commerce and IT giants like Google, Samsung and Apple, financial institutions have been fervently pursuing standardization initiatives – both within SEPA[i] and at a global level – in a bid to improve services to customers and assure their central intermediation role in the payments ecosystem. Meanwhile,

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SPA - smart payment association


Company responsible as defined by the Press Law, Supplier of Services and Systems in the Media and Telecommunications sector:

Smart Payment Association e.V. PO Box 800729, D-81607 Munich, Germany


Management Board: Andreas Strobel, Sylvie Gilbert, Alen Lopez, Julien Drouet


Commercial Register:Amtsgericht Munich VR 1898


VAT Registration Number:DE262904711