EPI and EuroPA join forces in push for European payments sovereignty

The European Payments Alliance (EuroPA) and European Payments Initiative (EPI) are joining forces to explore ways to make it easy for consumers to send and receive payments seamlessly across the continent. The move signals an attempt to wrest control of the EU’s payments ecosystem away from US card schemes and Big Tech giants and secure the Bloc’s sovereignty in payments.
Bank-backed EPI launched its Wero digital wallet late last year, harnessing the potential of account-to-account (A2A) payments to help European banks take on the might of Visa and Mastercard.