European Payments Initiative

13 results about this entity

Period: 08 Feb 2019 - 18 Dec 2023

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EPI completes first account-to-account mobile transfers

/payments

EPI completes first account-to-account mobile transfers

The European Payments Initiative has completed its first account-to-account instant payment transaction in a proof-of-concept between customers from Sparkasse Elbe-Elster in Germany and Banque Populaire and Caisse d’Epargne (Groupe BPCE) in France

European Payments Initiative closes acquisition of iDeal and Payconiq

/payments

European Payments Initiative closes acquisition of iDeal and Payconiq

The European Payments Initiative (EPI), a bank-backed venture that was initially set up to build a rival to Mastercard and Visa in Europe, has completed the acquisition of Dutch payment scheme iDeal and Luxembourg's Payconiq.

EPI dubs new digital wallet 'wero'

/payments

EPI dubs new digital wallet 'wero'

The European Payments Initiative, a bank-backed venture that was initally set up to build a rival to Mastercard and Visa in Europe, has selected 'wero' as the commercial name for its forthcoming digital wallet solution.

/payments

EPI contributes to CBDC prototyping exercise conducted by the European Central Bank

EPI contributed to the prototyping exercise conducted by the European Cental Bank (ECB) to test how design choices for a digital euro could be implemented into existing European payments solutions.

European Payments Initiative to acquire iDeal and Payconiq

/payments

European Payments Initiative to acquire iDeal and Payconiq

The European Payments Initiative, a bank-backed venture that was initally set up to build a rival to Mastercard and Visa in Europe, is to acquire Dutch payment scheme iDeal and Payconiq, the mobile payments app supported by a host of Belgian and Dutch banks.

European Payments Initiative seeks funding to take on Visa and Mastercard

/payments

European Payments Initiative seeks funding to take on Visa and Mastercard

The European Payments Initiative, a bank-backed effort to build a rival to Mastercard and Visa in Europe, is appealing for outside funding to get the project off the ground.

European banks seek technical partners to help build rival to Visa and Mastercard

/payments

European banks seek technical partners to help build rival to Visa and Mastercard

The European Payments Initiative, a bank-backed joint venture that aims to build a rival to Mastercard and Visa, has put out a Request for Information for 'qualified technical partners' to help build its central infrastructure.

/payments

Polish and Finnish banks join European Payments Initiative

Today, EPI Interim Company, responsible for initiating the implementation of the European Payments Initiative (EPI), is pleased to announce that PKO Bank Polski (“PKO BP”), Poland’s largest bank, and OP Financial Group, the leading Finnish retail bank, are joining EPI as founding shareholders of the recently created company.

Nets and Worldline take stakes in bank-backed rival to Visa and Mastercard

/payments

Nets and Worldline take stakes in bank-backed rival to Visa and Mastercard

Worldline and Nets have become shareholders in the European Payments Initiative, a bank-backed joint venture that aims to build a rival to Mastercard and Visa.

ECB cautions against the power of Big Tech in financial services and cloud provision

/regulation

ECB cautions against the power of Big Tech in financial services and cloud provision

The European Central Bank has bemoaned the absence of an EU challenger capable of taking on the might of Big Tech cloud providers from the US.

Eurozone banks to take on Visa and Mastercard with home-grown payments platform

/payments

Eurozone banks to take on Visa and Mastercard with home-grown payments platform

Sixteen major Eurozone banks have come together to start the implementation of a new payment system to take on the might of Visa and Mastercard and the threat posed by Chinese and US Big Tech firms.

ECB offers support to bank-backed alternative to Visa and Mastercard

ECB offers support to bank-backed alternative to Visa and Mastercard

The European Central Bank has welcomed an initiative by some of Europe's top banks to explore the development of a rival payment system to challenge the dominance of Visa and Mastercard and the threat from Chinese and US Big Tech firms

ECB chief says instant payments could break Visa/Mastercard duopoly

ECB chief says instant payments could break Visa/Mastercard duopoly

The European Central Bank is floating the idea of using instant payment rails to link up national card schemes as a means to break the duopoly enjoyed by Visa and Mastercard, who between them account for over 80% of all EU card transactions.

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