European Payments Initiative - 0 views
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John Kiff on 31 Mar 25The European Payments Initiative (EPI) is an initiative backed by 16 European banks and financial services companies to progressively build Wero, a payment solution tailored for Europe. EPI leverages the instant account-to-account payments infrastructure available in Europe to improve efficiency and remove intermediaries in the payment flow. It aims at enabling next-generation payments for consumers and merchants in Europe across all types of retail transactions. EPI will initially support person-to-person (P2P) and person-to-professional (P2Pro) payments, followed by online and mobile shopping payments and then point-of-sale payments.