The European Payments Initiative (EPI) has launched its mobile-first wallet and instant account-to-account payments system in Germany, with other counties set to follow in the coming months, according to Finextra.
German Sparkassen and Volksbanken, Raiffeisenbanken customers can now make instant money transfers from account to account between individuals, via their banking app. Deutsche Bank will launch wero later this year, starting with Postbank.
The wallet will be available in Belgium by the end of July for KBC customers before arriving in France this Autumn and coming to all EPI bank members within the next six months.
EPI is a Europe-wide bank-backed venture that was initially set up to build a rival to Mastercard and Visa on the continent, offering a card for consumers and merchants, a digital wallet and P2P payments.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
