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Bizum, Bancomat Launch European Payments Network in Madrid

By Drooid · · How we work

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Story summary
  • European payment groups including Bizum and Bancomat launched the European Network for Payments in Madrid, Spain.
  • ENP’s founders serve about 130 million users, covering over 70 % of the EU and Norway.
  • A phased rollout will start with cross-border person-to-person payments, then add e-commerce and POS.
  • Martina Weimert said fragmentation remains the biggest hurdle for the European Payments Initiative.