While significant progress and integration of retail payments in the EU has been achieved with the current legislative (payment services directive), the European Commission has issued a proposal for a new Directive on payment services to take account of other important areas of the payments market such as card, internet and mobile payments as these areas are still fragmented along national borders. The latest developments in these markets have also revealed certain regulatory gaps and inconsistencies in the current legal framework for payments which will be addressed in the proposed Directive. The proposed Directive is available on the European Commission website.