European Payments Initiative (EPI) and EuroPA Alliance Pan-European Payment Network
Sector: Financial Infrastructure • Location: Multiple European countries
Source: European Business Magazine
The European Payments Initiative (EPI) and the EuroPA Alliance signed an agreement to build a pan-European interoperable payment network covering 130 million users across 13 countries. The system, built around the digital wallet Wero, aims to enable Europeans to pay and transfer money across borders without using American networks like Visa or Mastercard. Wero, launched in July 2024, is based on S
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | under construction |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
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Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The European Payments Initiative (EPI) and the EuroPA Alliance signed an agreement to build a pan-European interoperable payment network covering 130 million users across 13 countries. The system, built around the digital wallet Wero, aims to enable Europeans to pay and transfer money across borders without using American networks like Visa or Mastercard. Wero, launched in July 2024, is based on SEPA instant credit transfers and allows users to send money using just a phone number. The network effect is strengthened by connecting existing national payment systems such as Italy's Bancomat, Spain's Bizum, Portugal's MB WAY, and the Nordics' Vipps MobilePay. Cross-border peer-to-peer payments are launching in 2026, with e-commerce and point-of-sale payments following in 2027. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
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State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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Article Published Date | Obfuscated Data |