Worldline and Nets join the European Payments Initiative

In July 2020, a group of 16 large European banks from five countries (Belgium, France, Germany, the Netherlands, and Spain) joined forces to launch the European Payments Initiative. These financial institutions have created an EPI Interim Company in Brussels, responsible for initiating the implementation of the joint payment initiative.

EPI aims 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. Worldline and Nets are joining as shareholders of the recently created company, as the first third-party acquirers to enter the initiative.

The joining of third-party acquirers will contribute to the expansion of EPI’s acceptance network on the merchant side in Europe and will allow EPI to build up its own payment ecosystem in the continent.