European Payments Initiative MeetUp

24 Jun

European Payments Initiative Hybrid Meetup

June 24th, 18:00 to 22:30, Brussels and Online

A deep dive into a new unified payment scheme and solution

On 24 September 2020, the European Commission adopted a retail payments strategy for Europe that aims to further develop the European payments market so the full benefits of innovation and the opportunities that come with digitalisation can be reaped. The Commission recognises that payments are at the forefront of digital innovation in finance in Europe.

The EU Payment Services Directive created a wide set of rules, covering all types of payments, including credit transfer, direct debits, card payments, and mobile and online payments, under Europe’s Four Pillar Payments Strategy. The scope is both Euro and none Euro markets.

The PSD2 directive's key objective is to create a more integrated European Payments market. It's aim is to create a more harmonised playing field by including none bank players. This would make payments more secure and ultimately afford better protection to consumers.

One of the strategy’s four pillars is efficient international payments, including remittances, creating a new standard in Europe. The European Payments Initiative (EPI) is a European Central Bank backed initiative with the aim of creating a new unified payment scheme and solution.

Thirty-one European banks and credit institutions, along with two 3rd party acquirers, launched the implementation of the EPI in July 2020. The initiative’s aim is simple, to create a new, innovative pan European payment solution leveraging instant and card payments. The ambition is to utilise the existing SEPA Instant Credit Transfer system. Implementing global standards such as ISO 20022, this could be available to consumers as early as the beginning of 2022!

Join us for this MeetUp and hear from Azzana’s Director, Kjeld Herreman and the Emerging Payments Association EU’s, Vice-Chairman & General Manager Thibault de Barsy, to find out what is known about the EPI today as well as why there is political pressure to get the initiative done.

Cosmin Cosma, Co-founder and CEO of Finqware will discuss the overall progress and challenges of the implementation of PSD2 so far, with a particular focus on Eastern European countries.

We will also be joined by Paul Scholten from Buckaroo who will discuss the impacts that the initiative has for both payment providers and consumers.

What impact will it have on consumers and payment professionals? Who are the key stakeholders and what are their interests? What is the timeline for implementation? How will the ECB and other key stakeholders ensure the EPI is a success? Who are its competitors? What are the costs of failure? Get all the latest best practice and discover key national and global trends.

Summer Drink

Do not miss our annual barbecue to close a season rich in content, together with your peers

This exciting, interactive Hybrid Meetup will be a great occasion to network whilst enjoying a delicious barbecue and a drink in the open air, terrasse or garden? You will be surprised!