Mr. Barry Lowry:

We have already seen the introduction of standards by the body that supported the introduction of the credit card, including Mastercard and others. They came together and established a set of rules which all users, including retailers, of Mastercard or Visa card are expected to use. People are familiar with that. By extension, they can choose to carry their physical card into a shop and use contactless payment or the phone equivalent as the shop will accept either form because the technology enables them to do that. This will progress using choice. If a person keeps his or her credit card on their EU digital wallet - the intention is to enable that - and wishes to proffer that in a shop, I do not think it will cause problems for the shop because, at the end of the day, credit transactions are underpinned by the infrastructure already in place.