Today marks the entrance of Paypal in the Dutch market. It has gone through the EU-notification procedure so that its UK e-money passport is also valid in the Netherlands. So, thanks to the e-money irective, Paypal can operate quickly and legitimately in all Eu-countries, without the need to apply over and again for local licenses. A nice demonstration of innovation, stimulated and backed by a Directive (the e-money directive).
And still, some argue that the e-money directive halted innovation......
