Euro­pean banks team up to of­fer card al­ter­na­tive

The Daily Telegraph - Business - - Business -

Six­teen Euro­pean banks have teamed up to de­liver a new uni­fied pay­ment sys­tem. It will of­fer con­sumers both cards and dig­i­tal wal­lets as an al­ter­na­tive to gi­ants such as Visa by 2022. Dubbed the Euro­pean Pay­ments Ini­tia­tive (EPI), it will be avail­able for all types of trans­ac­tions in­clud­ing in-store, on­line and cash with­drawals.

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