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Payment systems forum

The Payment Systems Forum is an advisory structure of Banco de Portugal bringing together the main national stakeholders involved in the payment services’ supply and demand and general government representatives.  Its mission is to contribute to the implementation of safe, efficient and innovative payment solutions in the Portuguese market. 

The Forum seeks to respond to the challenges of the retail payment market, by promoting an atmosphere of cooperation amongst the different stakeholder groups in terms of payment solutions’ supply and demand. Particularly, it aims at devising common positions agreed by the members, identifying strategic themes and priorities, as well as setting out measures to accomplish them.

Established in 2009 with the purpose of working towards migration to the Single Euro Payments Area (SEPA) in Portugal, in 2018 the Forum was re-launched with a new mandate and a new structure of participants.

The Payment Systems Forum also has links to several bodies, both national, such as the Payment Systems Interbank Commission (Comissão Interbancária para os Sistemas de Pagamentos – CISP) and European structures, such as the Euro Retail Payments Board (ERPB) and the European Forum for the Innovation in Payments (EFIP).

 

Composition of the Payment Systems Forum

The Forum brings together the main national stakeholders involved in the payment services’ supply and demand and general government representatives:

  1. Supply of payment services: (i) three banks that are part of the Payment Systems Interbank Commission, on rotation for periods of two years; (ii) one bank that is not part of the Payment Systems Interbank Commission, on rotation for periods of two years; (iii) one representative of the Portuguese Banking Association (Associação Portuguesa de Bancos – APB); (iv) one representative of the processing entity appointed by Banco de Portugal for the Interbank Clearing System (Sistema de Compensação Interbancária – SICOI); (v) one representative of a payment institution; (vi) one representative of an electronic money institution; (vii) one representative of an international card scheme; and (viii) one representative of a credit financial institution; 
  2. Demand for payment services: (i) one representative of the association for consumer protection; (ii) one representative of the association of specialised credit institutions; (iii) representatives of the corporate sector whose activity is relevant for the issues dealt with by the Forum, covering different economic activity sectors; 
  3. General government: (i) representatives of central government bodies whose activity is relevant for the issues dealt with by the Forum; and (ii) one representative of the local government (municipalities).

In addition to Banco de Portugal, holding the chairmanship, the Forum’s composition since April 2018 has been the following:

Payment service providers and Managing entity

Associação Portuguesa de Bancos (APB)

Banco Comercial Português

Caixa Geral de Depósitos

Banco Santander Totta

Banco CTT

Easypay – Instituição de Pagamento

MasterCard Europe

SONAE Financial Services

SIBS Forward Payment Solutions

Unicre

General government bodies

Agência de Gestão da Tesouraria e da Dívida Pública (IGCP)

Agência para a Modernização Administrativa (AMA)

Associação Nacional de Municípios Portugueses (ANMP)

Autoridade Tributária e Aduaneira (AT)

Caixa Geral de Aposentações (CGA)

Instituto de Gestão Financeira da Segurança Social (IGFSS)

Instituto Público de Gestão Participada (ADSE)

Instituto da Segurança Social (ISS)

Gabinete de Estratégia e Estudos do Ministério da Economia

Gabinete de Planeamento, Estratégia, Avaliação e Relações Internacionais do Ministério das Finanças

Turismo de Portugal

Consumers

Associação Portuguesa para a Defesa do Consumidor (DECO)

Direção-Geral do Consumidor (DGC)

Corporate sector

Águas de Portugal (AdP)

Associação das Instituições de Crédito Especializado (ASFAC)

Associação da Economia Digital (ACEPI)

Associação FinTech e InsurTech Portugal (AFIP)

Associação Portuguesa de Empresas de Distribuição (APED)

Associação Portuguesa de Marketing Direto (AMD)

Brisa

Companhia Carris de Ferro de Lisboa

Energias de Portugal (EDP)

Fidelidade – Companhia de Seguros

Galp Energia

Jerónimo Martins

Meo/Altice

Metropolitano de Lisboa

Nos

Ocidental Seguros

Sociedade de Transportes Coletivos do Porto (STCP)

Sonae MC (Modelo Continente)

Vodafone Portugal


Conferences organised by the Forum