Financial Alliance Strives for Payment Efficiency Throughout the EU

e_abrams

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Likely pushed by the ongoing pandemic, as of this week four major European payment processors - Ingenico Group, Nets, Nexi, and Worldline – started collaborating and are launching he European Digital Payments Industry Alliance (EDPIA) advocacy.

EDPIA will deal with the policy discussion on the EU payments sector and it will be advocating for a more secure, faster, better, more effective payments all over the European union, which will include EU businesses, public bodies, and regular citizens.

This coalition is seeking to turn Europe into a global leader in digital payments.

The chairman and CEO of Worldline issued the following statement:

“The EDPIA will give a voice to the incredible technology and engineering behind Europe’s payments industry…We want to help demystifying our industry and offer European society a better understanding of what is behind the payments terminals and online payments engines it uses daily.”
Source

The pandemic is forcing changes that were already on the way, but now they will be implemented at a much greater speed.