«EPI (European Payment Initiative) invites all European digital payment solutions representative to unite forces in favor of European sovereignty in payments «. Thus, the French and German Payment Platform has now spoken in … An unpublished change of speech that opens the door to negotiate with the rest of the countries of the countries, such as the Spanish Bizum, to create a large community platform.
EPI’s approach, which has developed the Wero application for countries such as France, Germany, Belgium or Netherlandsit has always been to phagocyt all its rivals in the old continent to stay as the great solution of European payments; Being, in short, the great European Bizum. However, this thought has now changed from aggressiveness to more conciliatory. The objective of all this is to gain European sovereignty on the issue of payments to stop depending on American actors such as Visa, Mastercard, Google, Apple …
«Europe must find its way to sovereignty and independence in payments. It is no longer a future project, but a need facing all European countries. We must actively work on a viable solution that contributes to European sovereignty and independence in terms of payments, ”said EPI and their shareholders, which are the French and German banks, among others, in an open letter. “European private financial institutions have raided the way for many years by developing local alternatives and now European alternatives, taking advantage of the European Regulation of Instant Payments developed by European regulators, which has entered into force this year,” he added.
What EPI is looking for, through its ‘app’, is “responding to this challenge through an instant payment solution, Pan-Europe, unique and all-in-one, capable of covering over time all cases of payment use that consumers and professionals require. This is the founding principle and the mission that we have set within Epi Company ». But now everything goes for joining forces with other European solutions.
In the case of Spanish Bizum, which is the great case of success in the EU, this has always chosen to collaborate with Wero and interconnect with the rest of community solutions to create a large payment system in the continent that makes us depend less on American actors. It is. For example, it has already reached agreements to interconnect with the platforms of Italy and Portugal and is negotiating with the solutions of other community countries.
That is what EPI is now provided, to collaborate together with the solutions of the different Member States. Wero has stressed that “he is not the only fully functional actor in Europe. There are other successful digital payment solutions in many markets and, together, more than 120 million customers already use these solutions today, and this combined user base is growing rapidly. All these local solutions are evolving successfully and are attractive to European merchants, especially because they offer an innovative alternative to international card schemes and solutions. In this sense, EPI has pointed out that «is prepared to cooperate closely with all local networks of digital payment representative in Europe to establish efficient interoperability based on a common solution for acceptance for merchants, shared between these European solutions, thus allowing cross -border operability and broad European coverage «.
40 million users
In any case, Epi also wanted to take muscle from its fire power in terms of implementation. “At this point, Wero already has more than 40 million registered clients and is fully functional for person -to -person payments (P2P) and from person to professional (P2Pro),” he said in the letter, to add: “Wero is configured as a digital wallet that allows us to integrate other means of payment, as well as value -added services beyond payments, which are attractive to consumers and merchants. It has its own fraud prevention system, crucial for the safety of an independent European payment system ».
The European Payment Initiative also speaks of “strategy” in the sense that it is necessary to have a strong European payments system to compete with “international card schemes and solutions”; does not mention a Visa and Mastercardbut it is clear reference to them.
Thus, the Franco-German solution indicates that its objective is to ensure that European consumers can pay anywhere in Europe. “The 16 European shareholders that support EPI consider that the various current European initiatives can already, in part now and in the near future, widely achieve sovereignty in payments throughout Europe through their cooperation and continuous development, taking advantage of the customer base and the use already established,” he concluded.
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