Raiffeisen Bank International has become a key player in the European Payments Initiative (EPI) by joining as an Acceptor PSP, underscoring its dedication to fostering a unified and efficient payment environment across Europe.

Backed by leading European banks and payment service providers, EPI launched Wero, an integrated mobile payment solution, designed for both businesses and individuals seeking a straightforward, secure, and swift peer-to-peer (P2P) transaction experience that streamlines payments for both merchants and consumers.

Boosting the Adoption of Wero

With its entry into EPI, Raiffeisen Bank International is poised to support its network of merchants in accepting Wero payments, ensuring seamless transactions across various platforms such as e-commerce and point-of-sale (POS) systems. The bank expressed enthusiasm about this move, highlighting it as a significant milestone towards achieving its objective of promoting sovereign European payment solutions. This partnership aligns with the bank’s commitment to growth and supporting the dynamic needs of the European market.

The inclusion of Raiffeisen Bank International within EPI’s community is seen as pivotal in broadening Wero’s acceptance network, particularly since it operates from outside the original launch markets. Collaborating with EPI, RBI aims to provide users with an intuitive payment experience that eases everyday transactions and enhances Europe’s financial independence.

Primarily operating in Austria as a prominent corporate and investment bank, Raiffeisen Bank International also has significant presence in Central and Eastern European regions such as Romania, Ukraine, Hungary, the Czech Republic, among others. The group extends its services through various financial entities including leasing, asset management, and mergers and acquisitions.

Growing EPI’s Membership Base

Recent additions to the EPI include Airwallex, which has joined as a Principal Member to further expand Wero’s reach throughout Europe. This strategic partnership with EPI marks an essential stride in addressing Europe’s intricate payments landscape, characterized by diverse local P2P services operating under varying regulations and infrastructures.