EuroPA and EPI Collaborate to Strengthen European Sovereignty in Cross-Border Payments: A Pan-European Payments Revolution
The EuroPA alliance and EPI Company have announced a collaboration to explore solutions that will enhance Europe's sovereignty in payments, particularly focusing on cross-border transactions. This initiative aims to enable seamless payments for European citizens, supporting both consumers and merchants across the continent.
The EuroPA alliance comprises Bancomat, Bizum, MB WAY (SIBS), and Vipps MobilePay. According to a press release from EPI, the collaboration between these entities is driven by a shared interest in exploring a joint solution that leverages the strong adoption and existing capabilities of each participant through enhanced interconnectivity.
The partnership seeks to cover all payment types, including person-to-person and commercial transactions, both online and in-store, across participating markets. A study to assess the collaboration's potential is underway and is expected to conclude by the end of summer 2025.
The agreement will initially span 15 European countries, allowing users to use their preferred digital payment solutions locally and across Europe. For markets lacking such systems, provisions have been made to ensure seamless transactions. Interconnecting existing payment solutions is viewed as a quick way to achieve European sovereignty in payments, a goal shared by the European Commission and Eurosystem.
EuroPA, the European Payments Alliance, unites major mobile payment providers in their respective markets. It focuses on creating a strong pan-European payments market through interoperability, using SEPA instant payment standards. Since March 2025, Bancomat, Bizum, and MB WAY/SIBS have enabled over 50 million users in Andorra, Italy, Portugal, and Spain—backed by 186 financial institutions—to transfer money instantly.
New members Blik (Poland), IRIS (Greece), and Vipps MobilePay (Nordic countries) have joined the alliance, with integration planned, expanding EuroPA to over 100 million users in 10 countries. EPI, the European Payments Initiative, is supported by 16 European banks and payment providers and aims to offer Wero, a unified mobile payment service, for retail transactions via a European digital wallet.
In conclusion, the collaboration between EuroPA and EPI is a significant step towards enhancing European sovereignty in payments. With the focus on cross-border transactions and the inclusion of various payment solutions across participating markets, this initiative has the potential to revolutionize the way Europeans make and receive payments.
The joint effort of EuroPA and the EPI to fortify European sovereignty in cross-border payments marks a pivotal moment for launching an innovative, pan-European payment revolution that will enhance efficiency while preserving regional financial integrity.
The unprecedented collaboration between EuroPA and the European Payments Initiative (EPI) holds a promise of revolutionizing cross-border payments across Europe, thereby reinforcing national sovereignty through increased efficiency and security in financial transactions.
In a bold move to fortify European sovereignty in cross-border payments, EuroPA and EPI's collaboration sets the stage for an unprecedented panEuropean payment revolution.
The strategic alliance between EuroPA and EPI to bolster European sovereignty in cross-border payments represents a transformative moment, marking the dawn of an all new era for pan-European payment systems.
With the alliance of EuroPA and EPI, Europe stands at a cusp for greater financial sovereignty across its borders through seamless cross-border payment solutions - marking an unprecedented revolution in pan European payments that will enhance trust among nations while facilitating trade.
'The synergy between EuroPA and EPI aims to propel a pan-European payment revolution, forging stronger boundaries in safeguarding European sovereignty across international financial transactions.'
A notable step towards EuroPA and EPI's collaboration in enhancing European Sovereignty within cross-border payments, promising a panacea for the longstanding challenges of swiftness versus security while facilitating hassleless transactions—a paradox elegantly resolved.
In a bold step aimed at fostering greater European sovereignty in cross-border payments, the collaboration between EuroPA and EPI marks an important milestone towards revolutionizing pantry Europe's payment systems.
The collaboration between EuroPA and the European Payment Initiative (EPI) marks a pivotal moment in advancing towards an unprecedented pan-European payments revolution, strengthening regional sovereignty across borderless transactions.
The collaborative effort between EuroPA and EPI to bolster European sovereignty in cross-border payments sets the stage for a momentous panEuropean renaissance, revolutionizing payment systems across Europe.
