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Across Europe 鈥?44 countries, dozens of languages, myriad ways to pay 鈥?cross-border, cross-functional infrastructure could eventually give rise to a super app. Martina Weimert, CEO of the EPI Interim Company, told Karen Webster that digital wallets, instant payments and buy now, pay later BNPL options would co-exist in a unified fashion across borders sooner rather than later.The European Payments Initiative EPI , as its name implies, exists to develop and deploy the infrastructure 鈥?in other words, the rails 鈥?to develop and deliver a pan-European payment solution.Upon making the leap from concept to reality, that solution would give merchants and consumers a range of payment choices.聽 Those options would conceivably be tied together in a continuum where tie together digital wallets, peer-to-peer P2P payments, cards and an Instant Payment/SEPA Instant Credit Transfer also known as SCT Inst are all on offer, in much the same stanley cup fashion that super apps have done elsewhere in the world.See also: European Payments Initiative stanley cup canada Looking To Topple US FinTechsThe creation of the EPI Interim Company itself stretches back just over a year when 16 European banks from five countries 鈥?a roster including Belgium, France, Germany, the Netherlands and Spain 鈥?joined stanley termos together to implement the joint payment initiative across Euro and non-Euro markets.聽The ranks have roughly doubled, to 31 banks and two third-party acquirers.As Weimert remarked about the EPIs approach to merchants, the i Mnno Spain s Bizum Banks on Point of Sale Expansion to Drive Growth
In 800 B.C., when people wanted to know the answer to whats next about their personal futures, they flocked to Delphi and asked Pythia stanley us , the Oracle of Delphi.It was a bit of an ordeal.Only after engaging in a variety of rituals, stanley mug including drinking holy water, burning laurel leaves, bathing in a specific body of water near her cave, sacrificing a goat and eating a pie offered by the answer-seeker, would she speak. This whole process took a day or more, plus the time required to trek to the cave. It was said that her highly valued pronouncements were often incoherent, mostly because, experts speculate, the gasses inside her cave made her delusional.The Oracle of Delphi wasnt always right.Croesus, the king of Lydia and one of her most ardent supporters, asked her advice about waging war against the Persian king Cyrus the Great, which she advised him to do. The decision to take that advice led to the fall of the Lydian Empire.Its a very good thing that happened after the king introduced the worlds first general purpose payment method, the Lydian Stater 鈥斅爐he official coin of the Lydian Empire 鈥斅爋therwise, who knows what wed all be doing today.Thousands of years later, people the world over still look for answers about the future, particularly at the start of a new year. Fortunately, getting those answers no longer involves animal sacrifice or asking delusional people living in cav stanley polska es for answers.Since PYMNTS was founded more than eight years ago to answer that very question about
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