The three companies have jointly stated that their accord was open for other European payments providers to join in at a later stage.
The letter of intent for the accord was signed by Spain-based mobile payment firm Bizum, Italy-based ATM machine operator Bancomat, which runs online payment service Bancomat Pay, and Portugal's SIBS, owner of mobile payment supplier MB WAY.
Bizum, Bancomat Pay, and MB WAY provide person-to-person and person-to-business payments to 42.7 million people in the three countries, who in 2023 made a total of 1.47 billion payments.
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