# European Payments Initiative
> European payments company behind the Wero digital wallet.

- Canonical entity: https://directory.readyscan.ai/entities/european-payments-initiative-q96743053
- Website listed in the source snapshot: https://epicompany.eu/
- Category: [Companies](https://directory.readyscan.ai/directory/companies)
- Machine record: https://directory.readyscan.ai/discovery/entities/european-payments-initiative-q96743053.json
- Material fingerprint: fnv1a64:ca7a344cbc9126c0
- Entity revision: fnv1a64:5a1e0b72ed94f83c
- Published: 2026-10-28
- Modified: 2026-10-28

## Questions & answers
### [What is EPI?](https://directory.readyscan.ai/entities/european-payments-initiative-q96743053#company-answer-content-native-digital-agencies-02aa79540139b80a-a-788a9790559286709be2)
“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.”
Sources: https://epicompany.eu/

### [Why EPI?](https://directory.readyscan.ai/entities/european-payments-initiative-q96743053#company-answer-content-native-digital-agencies-02aa79540139b80a-a-7e8dafc1c7423e371b4e)
“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.”
Sources: https://epicompany.eu/

### [What are the benefits of EPI?](https://directory.readyscan.ai/entities/european-payments-initiative-q96743053#company-answer-content-native-digital-agencies-02aa79540139b80a-a-2f954480fc04ab6db10d)
“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.”
Sources: https://epicompany.eu/

### [What is Wero?](https://directory.readyscan.ai/entities/european-payments-initiative-q96743053#company-answer-content-native-digital-agencies-02aa79540139b80a-a-5df1e662fb6c212a655f)
“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.”
Sources: https://epicompany.eu/

## Company sources
- [European Payments Initiative website](https://epicompany.eu/) — epicompany.eu · [Related Ready Scan knowledge](https://readyscan.ai/sources/source-02aa79540139b80a)
- [wikidata.org/wiki/Special:EntityData/Q96743053.json](https://www.wikidata.org/wiki/Special:EntityData/Q96743053.json?revision=2519729895) — wikidata.org · [Related Ready Scan knowledge](https://readyscan.ai/sources/source-cbc7a346c1d8e93c)

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