European Union and European Central Bank policymakers have long wanted a home grown payments scheme which they could regulate directly and build autonomy in core financial services. Launched last July, the European Payments Initiative (EPI) became an interim company in December with 22 banks as shareholders. This pan-European payments network can be in place by 2025 to challenge the dominance of Visa and Mastercard and the threat from Chinese and US Big Tech firms.
Zoom, our video magazine, dedicates this session to this titanic project.
We take a closer look and zoom in to a close-up on:
- European Payment Initiative: one solution to many challenges
- European sovereignty at stake
- Implementing EPI
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