EPI: The European Payments Initiative
The European Payments Initiative (EPI) enters the next phase with Worldline and Nets becoming shareholders of the EPI Interim Company, as the first third-party acquirers to join the initiative. EPI is also glad to announce the appointment of Dr. Joachim Schmalzl as chairman of the board and Martina Weimert as CEO of the Interim Company
The ambition of EPI is to create a unified, innovative pan-European payment solution leveraging Instant Payment/SEPA Instant Credit Transfer (SCT Inst), which offers a card for consumers and merchants across Europe, a digital wallet and P2P payments. The solution aims to become a new standard in payments for European consumers and merchants across all types of retail transactions including in-store, online, cash withdrawal and "peer-to-peer", as an alternative to existing international payment solutions and schemes.