✅Europe: financial and payments sovereignty returns to the forefront of the agenda

✅Europe: financial and payments sovereignty returns to the forefront of the agenda

Companies Bancomat🇮🇹, Bizum🇪🇸, SIBS🇵🇹, and Vipps MobilePay🇳🇴 have signed a memorandum of understanding to accelerate the rollout of sovereign pan-European payment solutions under the EPI project by 2027.

🌀 The collaboration is based on a centralized interoperability hub, to be managed by a central entity that the partners plan to establish in the first half of 2026. This will be followed by:

➡️ the introduction of cross-border P2P payments — second half of 2026

➡️ the rollout of payments for e-commerce and point-of-sale (POS) environments — 2027

🌀 At the time of launch, the initiative is expected to span 13 countries, accounting for approximately 72% of the combined population of the European Union and Norway.

🌀 Looking ahead, the coalition will remain open to participation by all European countries, including Switzerland🇨🇭. Jurisdictions with existing domestic payment solutions will be able to integrate directly, while those without such systems may adopt one of the solutions offered within the EPI ecosystem.

🌀 In parallel, while existing brands will retain their current functionality, new visual identifiers will be introduced to help consumers easily recognize where their chosen payment solutions can be used beyond their home markets.

#news #Europe #geopolitics

🏦 Payouter.com — reliable payment partner in the CIS and 🇮🇳India: Intent, UPI P2C conversion 54% on FTD