I am not the biggest fan of the EU parliaments decision on payments as I believe the effects will be quite different than expected and not make payments cheaper or easier for Consumers – but in fact will lead to a much more clustered market and increasing cost, as more players have the share the market, leaving each of them with the overhead cost for the highly regulated business. Payments, as I see it, is a business of scale. Too much clustering prevents scale and leads to increased cost.
But anyway: The EU parliament has decided and here is a link to the EU parliaments ITV channel, explaining the decision. Interesting in any case.