Seven EU Member States - Belgium, Finland, France, Germany, the Netherlands, Poland and Spain - said, on Tuesday 9 November, that the European Payments Initiative (EPI), a private initiative launched in July 2020 (see EUROPE B12520A3), would help provide secure and innovative payment solutions and strengthen the EU’s strategic autonomy in an increasingly paperless market.
Noting that payments services remain “fragmented“ in the EU along national borders and suffer from a lack of...