Connecting Europe’s Payment industry

Connecting Europe’s

Payment industry

Together with member banks and other payment service providers we are building a an innovative, future-proof payment solution designed to meet the needs of Europe.
By joining forces in EPI, European issuers and acquirers are supporting the strengthening of the Single Market and the European digital agenda. Our aim is to stimulate the growth of a unified Europe by continuously innovating in payments, which is an important underlying feature of our economy."
Dr. Joachim Schmalzl
Chairman Of The Board

We are starting a


We are on a mission to create a meaningful payment alternative that is widely embraced by Europe. We invite new members to join our combined innovation effort, better serving European citizens and contributing to the region’s political resilience and sovereignty.

EPI Digital wallet solution

At the epicentre of EPI’s offering is our digital wallet product. The customer-centric, easy to use app will facilitate payments from and to any of a customer’s eligible bank accounts with a higher degree of transparency and control than is currently available. In time, the app could hold other payment methods issued by third parties too, as well as facilitating the wide range of other services that EPI will integrate into the payment flow. These added-value services could in the future include bank funded buy-now-pay-later, e-ID or merchants’ loyalty programs. The digital wallet will be a separate consumer-facing brand which is currently in development.

EPI Payment means

EPI is building a flexible and secure payment scheme allowing existing instant account to account payment infrastructures to be used in a wider range of use cases. The payment applications will extend and be enhanced over time. Customers will be able to use any of their eligible bank accounts to pay instantly, securely and with ease.

EPI Ecosystem

We are creating a payment ecosystem, with EPI acting as the bridge between a multitude of parties in the complex payment landscape. Technically speaking, EPI will therefore be an open 4-corner scheme.

A strong connection

Founding Shareholders

Frequently asked questions

“EPI” stands for “European Payments Initiative” 

EPI is an initiative launched by 12 European banks and financial institutions to create a unified, innovative pan-European payment solution leveraging Instant Payments SEPA Instant Credit Transfer (SCT Inst).

The solution aims to become a new standard in payments for European consumers and merchants across all types of retail transactions including in-store, online, and “peer-to-peer”.

EPI shareholders want to bring value to the market by offering an end-to-end payment solution based on the Instant Payment scheme as defined by the European Payments council (EPC) covering multiple use cases (e.g., merchant payments, peer-to-peer payments, etc.), secure, immediate and easy-to-use.

Europe has now the opportunity to leverage instant payments. This initiative is therefore in line with recent positions from European public authorities urging banks and payment service providers to build a payment solution on top of the Instant Payment scheme and to offer an alternative and independent payment system.

EPI’s objective is to offer a consistent digital payment solution for all major retail use cases (P2P, POS, e- / m-commerce) that can be used anywhere in Europe and to supersede the fragmented landscape that currently still exists. In doing so, EPI founders are responding to merchant and consumer communities that have been calling for payment initiatives to take a more pan-European approach.

EPI will first and foremost benefit European citizens, possibly boosting innovation in the world of payments. About 50% of retail payment transactions in Europe are still done by cash today. The EPI solution will also bring tangible benefits to European merchants, by offering them a seamless, competitive and unified payment solution for Europe being available to all European consumers.

The EPI solution will reinforce competition in the payment services market, currently dominated by a few big international schemes and players. The Covid19-crisis has confirmed the need for digital payment solutions in Europe. Therefore, EPI’s solution will be ideally positioned to propose choice to consumers and merchants. EPI will offer a consistent solution for all participating countries, positioning as an alternative to existing international solutions.

The very purpose of launching EPI is to enrich the merchants’ and consumers’ choice in terms of payment solutions. EPI as a new and innovative market player may be expected to increase competition both in terms of quality and conditions.

Instant Payments allow the development of a service covering multiple payment use cases (e.g., paying friends & family, paying in a shop, paying online, paying a bill or an invoice), which no other solution offers for the time being.

EPI is open for European market players, individual banks or banking communities, as well as payment service providers to apply and join EPI. For the time being, 12 European banks and financial institutions are involved spanning across five European countries, including leading pan-European third-party acquirers.

Like existing international solutions, EPI is being designed as a consistent solution across countries. EPI participants will roll out progressively the EPI solution to their customers.

EPI’s ambition is to become a new standard of payments in Europe, thus offering an independent European alternative. EPI as an emerging scheme intends to pursue collaborative discussions with both international and domestic payment schemes.

EPI has interacted and continues interacting with European merchant associations to get their feedback on the solution and ensure that the EPI solution will cater for their needs.

EPI Company continues work and preparations for launch. We expect to communicate further in the coming months.

If you are a journalist interested in covering EPI you may register your interest to receive EPI updates the instant they’re available. Simply email us at with the subject line “Media List” and include your name, organisation, title and contact details in the email body.

Join us in defining the future of payments in Europe

We are on an exciting journey to launch an innovative and impactful digital wallet product. If you’re interested in joining our diverse and fully remote team please see the open positions at the link below, or just get in touch to say hello.