The European Payments Council published a curated collection of external reports from the second quarter of 2025, highlighting recent research and analysis on the evolution of the payments industry. It emphasised that the views expressed in the reports are solely those of the authors and should not be attributed to the European Payments Council. The compilation points readers to publications including the European Central Bank’s annual report (April 2025), Payments Europe’s analysis of the value of cards (April 2025), two Bank for International Settlements reports on payment system architecture modelling (April 2025) and the BIS Annual Economic Report (June 2025), the European Banking Authority’s work on standardised terminology for services related to payment accounts (June 2025), two The Paypers reports on payments trends and e-commerce payments (June 2025), and a PwC study on digital euro costs (June 2025).