In this Christmas episode of the Payments Trilogue, hosts Michael, Ralf, and Gijs discuss their Santa wish lists for the payments industry, focusing on regulatory improvements. They explore the implications of upcoming regulations like Instant Payments incl. VOP, PSD3/PSR, FIDA, eIDAS 2.0 and the need for better APIs, as well as the strategic importance of initiatives like SPAA and the digital euro. The conversation also touches on the challenges of cash acceptance and the need for innovative thinking to leapfrog existing solutions in the payments landscape.