What is EPI?
“EPI stands for European Payments Initiative launched by 18 banks and financial service companies to create a new digital wallet (wero) and a unified account-to-account solution.”
European Payments Initiative
European Payments Initiative is a European payments company behind the Wero digital wallet.
Questions & answers
Why EPI?
“EPI shareholders aim to enhance the market by introducing Wero, a comprehensive payment solution based on the Instant Payment scheme as defined by the European Payments council (EPC). Wero is designed to support a variety of transactions, including merchant and person-to-person payments, offering security, immediacy, and ease of use.”
What are the benefits of EPI?
“EPI aims to revolutionise digital payments in Europe by offering a consistent solution across all major retail scenarios, including peer-to-peer (P2P), point of sale (POS), and online commerce. This initiative addresses the current fragmented payment landscape in Europe, fulfilling the long-standing demand from both merchants and consumers for a unified pan-European payment approach.”
What is Wero?
“Wero is a new payment solution that aims to become the standard for European consumers and merchants. It will be available through EPI’s member banks’ applications and as a mobile application on both Android and iOS platforms.”
Data formats & record details
Download this profile and inspect its supporting evidence.
- Entity ID
- urn:readyscan:entity:european-payments-initiative-q96743053
- Material fingerprint
- fnv1a64:ca7a344cbc9126c0
- Entity revision
- fnv1a64:5a1e0b72ed94f83c
- Published
- 2026-10-28
- Modified
- 2026-10-28
- Source summary
- European Payments Initiative: European payments company behind the Wero digital wallet. Website: https://epicompany.eu/