EU payments proposals for the next decades
Payments represent an essential part of every hospitality business. Every day, hotels, bars and restaurants process millions of types of different payments for their services from customers. For this reason, HOTREC is with great interest following the ambitious payment package that was presented by the European Commission at the end of June 2023.
Amongst other things, the proposals aim to set up a framework for the Digital Euro and introduce a mandatory acceptance of cash. HOTREC aims to develop a detailed position on the issues in the coming weeks. As a general guiding principle, we believe that businesses should be in a position to decide which payment option and method they want to offer to their customers.