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European Payments Alliance Takes Step Towards Enabling Seamless Transactions Across The Continent - Data Intelligence

Summary by Plato. Vertical Search. Ai. | PlatoAiStream. Data Intelligence. Vertical Search. Ai.
The European Payments Alliance, the initiative aiming to build a pan-European payment service, has taken another step towards achieving its goal, as five firms have agreed to explore a shared cross-border payments solution. Italian payment provider Bancomat, Spanish payment service provider Bizum, MB WAY, a mobile payment solution in Portugal operated by SIBS, Nordic mobile payment solution Vipps MobilePay, and the European Payments Initiative (…

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The agreement between EuroPA associations (including Italian Bancomat) and Epi covers 15 European countries, representing more than 382 million inhabitants.

·Italy
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Europe leaves its differences behind and, now, seeks to create a large Community Bizum to allow free and immediate cross-border payments between 15 countries. The platforms of the south, center and north of the Old Continent plan to join forces for Europe to win sovereign in payments against the American giants. European banking takes a huge step, as well, in its integration at the payment level to try to remove ground from the Mastercards, Visa…

·Spain
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The European Payments Initiative (EPI) and the EuroPA Alliance (European Payments Alliance) have agreed to cooperate. According to the EPI, the goal is to quickly and effectively strengthen Europe's sovereignty in payment transactions, particularly in cross-border payments for consumers and merchants. The EuroPA Alliance will be represented by Bancomat, Bizum, MB WAY (SIBS), and... The article "European Payment System: EPI and EuroPA Join Forces…

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Expansión broke the news in on Monday, June 23, 2025.
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