EPI Company | Bancomat, Bizum, EPI, SIBS and Vipps MobilePay sign MoU…
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The European Payments Initiative (EPI) is an initiative backed by 16 European banks and financial services companies to offer Wero, an payment solution…

The European Payments Initiative (EPI) is an initiative backed by 16 European banks and financial services companies to offer Wero, an payment solution…

  • Classy Hatter@sopuli.xyzEnglish
    16·
    4 days ago

    Bancomat, Bizum, SIBS-MB WAY and Vipps MobilePay (all of which are members of the EuroPA Alliance) and EPI Company (EPI) jointly announce today the signing of a Memorandum of Understanding (MoU), marking a decisive step towards strengthening Europe’s payment sovereignty.

    At launch, the initiative will span 13 European countries[1], collectively already covering ~72% of the European Union and Norway population. The coalition is open to all European countries, including Switzerland and other non-euro markets

    Following the MoU, the partners will establish the central interoperability entity by H1 2026, will start preparing the technical implementation of the target set-up, and conduct proof‑of‑concepts (PoCs) in parallel.

    Coverage of all use cases is intented by 2027 through a phased rollout:

    • In 2026: rollout of peer-to-peer (P2P) cross-border payments

    • In 2027: rollout of e-commerce and point-of-sale (POS) payments

    [1] Andorra, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain and Sweden.