Banking associations want payments removed from EU digital identity plan

Debating to myself how will these changes affect UK -EU businesses.
From the first view, this could potentially increase the burden on businesses to verify the identity of their customers, leading to additional costs and administrative burdens. It could also create challenges for businesses that operate across borders within the EU, as they may have to comply with different identity verification requirements in each country they operate in.

On the other hand, excluding payments from the scope of the digital identity plan could also have advantages for businesses. For example, it could allow for greater flexibility in the way payments are processed and verified, enabling businesses to tailor their payment processes to the needs of their customers and markets.

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Can’t tell whether these random posts are an AI bot or not…