Last week, the EU Commission held the 2014 “EU Consumer Summit”, which was focused on EU consumers in the digital era.  Currently, there are more than 790 million mobile phone subscriptions in Europe and the Internet is used by more than 370 million EU citizens. More than half of EU consumers have made at least one online purchase in the last twelve months and 80% of online consumers are using price comparison websites to find better deals.

Due to the growing popularity of Internet and mobile in the EU, the Commission is focused on improving consumer policies in the digital economy, including the Consumer Rights Directive, the Data Protection Directive, the EU Telecom rules and the review of the Payment Services Directive. PayPal was invited to be a panelist at the Online Payments Workshop. PayPal provided an overview of the benefits that PayPal brings to both consumers and retailers and emphasized how the EU market needs a business-conducive, consistent and simple regulatory framework to unlock the full potential of digital payments.

For more information on the Summit and PayPal’s presentation at the Online Payments workshop, please click here.