EPI Company (N/A)

The European Payments Initiative (EPI) is a joint effort by 16 European banks and financial services companies to create a payment solution tailored for Europe.

EPI aims to improve efficiency and remove intermediaries in the payment flow, enabling next-generation payments for consumers and merchants across all types of retail transactions. Initially, it will support person-to-person and person-to-professional payments, followed by online and mobile shopping payments, and finally point-of-sale payments.

The initiative seeks to leverage Europe's instant account-to-account payments infrastructure to drive innovation in the payment sector. A diverse team is being assembled to launch Wero, an innovative digital wallet that will define the future of payments in Europe.

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