Sponsored By
European Payments Initiative Project Pivots After 20 banks DepartEuropean Payments Initiative Project Pivots After 20 banks Depart
The European Payments Initiative (EPI) will now be refocused on developing its second component, a digital wallet and instant payment system.
Philip Benton
March 27, 2022
1 Min Read

The ambition to create a European alternative to Visa and Mastercard has fallen flat after 20 banks (from Spain, Germany, Finland, and Poland) withdrew from the project, forcing the remaining 13 (mainly French) banks to abandon the initial plan to create a rival card payments network. The European Payments Initiative (EPI) will now be refocused on developing its second component, a digital wallet and instant payment system.
About the Author(s)
Never Miss a Beat: Get a snapshot of the issues affecting the IT industry straight to your inbox.
You May Also Like
More Insights
Webinars
IT Service Management in 2024 and Beyond
Oct 19, 2023Addressing Cybersecurity Challenges In AI
Oct 25, 2023Intelligent Observability in the Age of Cloud
Nov 14, 2023