The collaboration involves multiple mobile payment service providers, including Bancomat, Bizum, MB WAY (SIBS), and Vipps MobilePay, alongside EPI. Their goal is to establish a seamless transaction system for both individuals and businesses throughout various European countries.
The initiative, currently under study, aims to deliver results by the end of summer 2025. It focuses on increasing interconnectivity between existing platforms to offer cross-border functionality while allowing users to continue using their local payment applications. Representatives from both groups believe that aligning established national solutions could provide a faster pathway toward addressing Europe’s reliance on non-European payment infrastructures.
Targeting 15 European Markets for Cross-Border Functionality
In its initial phase, the initiative will cover 15 European countries, home to approximately 382 million people. The proposed system aims to support both person-to-person and commercial transactions, both online and in-store. It also includes a framework for integrating markets that do not yet have established digital payment options.
Officials from involved organisations state that the interoperability of existing platforms will help achieve goals set by EU institutions, including payment sovereignty and infrastructure independence. The European Commission and the Eurosystem have previously underscored the importance of reducing Europe’s reliance on international payment networks.
EuroPA, formerly known as the European Payments Alliance, includes prominent mobile payment services in their respective markets. Since March 2025, its founding members—Bancomat, Bizum, and MB WAY—have enabled interoperability across Andorra, Italy, Portugal, and Spain.
EPI was established by 16 European banks and payment providers to develop a unified payment platform called Wero. Currently focused on France, Germany, Belgium, the Netherlands, and Luxembourg, Wero is designed to support retail payments through a digital wallet.
