The EuroPA alliance and EPI Company have collaborated to explore solutions for enhancing Europe’s sovereignty in payments, focusing on cross-border transactions.
The initiative aims to allow European citizens to send and receive payments seamlessly across the continent, supporting both consumers and merchants.
Go deeper with GlobalData
EuroPA alliance includes Bancomat, Bizum, MB WAY (SIBS), and Vipps MobilePay.
“The collaboration between EuroPA and EPI 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,” EPI said in a press release.
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.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe agreement will initially span 15 European countries.
Users will be able to use their preferred digital payment solutions locally and across Europe, with provisions for markets lacking such systems.
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 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, 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.
It aims to offer Wero, a unified mobile payment service, for retail transactions via a European digital wallet.
