👀Europe continues refining its unified regional payment ecosystem

👀Europe continues refining its unified regional payment ecosystem

One of the main challenges in the region is ensuring regulatory compliance in an environment marked by diverse traditions, languages, and cultural particularities, which makes this a complex task.

▶️Industry experts highlight that fintechs operating across multiple jurisdictions must invest significant resources to adapt their platforms to different national regulatory frameworks, which can negatively impact operational efficiency. However, failing to comply can lead to substantial regulatory and financial risks.

▶️Compliance becomes especially important with the implementation of PSD3 and DORA regulations, which address key issues like operational resilience, capital requirements, and new licensing conditions—elements that often vary widely among EU member states.

▶️In this same context, five Belgian🇧🇪 banks have joined the European Payments Initiative (EPI), aiming to launch the Wero digital wallet and an account-to-account instant payment app (A2A) in the first half of 2026. The new participants are: Argenta, Bank Van Breda, Beobank, Crelan, and vdk bank. Currently, Wero is already live in Germany🇩🇪, France🇫🇷, and Luxembourg🇱🇺, showing significant progress in cross-border standardization.

#news #Europe #p2p

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