The Merchants Payments Coalition (MPC) and the Payment Choice Coalition (PCC) have announced a strategic partnership to drive innovation, competition, and consumer choice in the U.S. payments market. By joining forces, both organizations aim to support policies that foster a more competitive landscape and encourage emerging payment technologies like stablecoins.
Doug Kantor, MPC Executive Committee member, emphasized the need for stablecoins to modernize the payments industry and increase efficiency. Meanwhile, PCC Board Member Brandon Robertson highlighted the barriers created by dominant credit and debit card networks, stressing the importance of policy changes to allow new technologies to thrive.
As part of their joint efforts, MPC is endorsing legislation to establish a clear regulatory framework for stablecoins, while PCC is backing policies that promote competition in the payments sector. Their collaboration represents a significant step toward breaking down barriers in digital commerce and ensuring businesses and consumers have more payment options.
With a broad membership that includes retail, hospitality, and financial industry leaders, this partnership is set to influence the future of payments by advocating for a fair, innovative, and competitive marketplace.
