One of the common views about Europe is how highly fragmented the regional market — 44 countries, multiple languages, and a myriad of payment methods — is. And it’s no news that that fragmentation, according to Alexandre Maymat, head of global transaction and payment services at Société...
As regulators push for the development of instant payments, European Union countries continue to leverage preexisting economic relationships to advance faster payments across the region. It’s a trend that has led to historic real-time payment growth and adoption in recent years, PYMNTS has reported, with successful national...
The European Payments Initiative says its vision of a unified payment system is closer to reality. The EPI plans to launch a pilot of a person-to-person instant payment program in France and Germany by the end of the year, according to a Tuesday (April 25) news release. The...
Although Europe lacks a pan-regional scheme to rival international card networks, building and igniting one means giving consumers and merchants a reason to get on board — something that is lacking today, says Gijs Boudewijn, general manager at the Dutch Payments Association. “There is hardly...
May 11, 2023
One of the common views about Europe is how highly fragmented the regional market — 44 countries, multiple languages, and a myriad of payment methods — is. And it’s no news that that fragmentation, according to Alexandre Maymat, head of global transaction and payment services at Société Générale, has meant higher fees and slower cross-border transaction speeds […]
May 08, 2023
As regulators push for the development of instant payments, European Union countries continue to leverage preexisting economic relationships to advance faster payments across the region. It’s a trend that has...
March 31, 2023
Although Europe lacks a pan-regional scheme to rival international card networks, building and igniting one means giving consumers and merchants a reason to get on board — something that is...
September 14, 2021
Across Europe — 44 countries, dozens of languages, myriad ways to pay — cross-border, cross-functional infrastructure could eventually give rise to a “super app.” Martina Weimert, CEO of the EPI...
September 27, 2024
A new digital wallet and instant payment solution dubbed “Wero” is reportedly being rolled out across western Europe. Backed by 16 of the European Union’s major banks and payment processors, Wero will allow consumers to pay with their own bank account, Bloomberg reported Friday (Sept. 27). Wero aims to provide consumers with an alternative to Visa and Mastercard cards, […]
April 25, 2023
The European Payments Initiative says its vision of a unified payment system is closer to reality. The EPI plans to launch a pilot of a person-to-person instant payment program in France and...
September 16, 2022
The European Central Bank (ECB) has selected five companies to be involved in a “prototyping exercise” that will be part of its two-year investigation phase into a digital euro, a...
