The “European Digital Payments Industry Alliance” (EDPIA)’s vision is for Europe to become a global leader in digital payments, which can fuel the completion of the Digital Single Market for the benefit of consumers, businesses and the public sector. The “European Digital Payments Industry Alliance” (EDPIA)’s vision is for Europe to become a global leader in digital payments, which can fuel the completion of the Digital Single Market for the benefit of consumers, businesses and the public sector.

It will do so by engaging in EU policy discussions impacting the EU payments sector, and by helping bring instant, secure and frictionless payments closer to EU citizens, businesses, and public bodies.

The EDPIA believes in a strong and properly enforced European policy framework that enables intense competition between transparent and market-based solutions that compete for trust of payment services users.

Whilst the EDPIA joins an already busy landscape of EU payments trade bodies, the EDPIA is the only trade body that represents specialised digital payment services providers that are all headquartered in Europe and do not engage directly in banking services.

To support a rules-based competitive single market in which innovation thrives, the EDPIA believes the payments sector needs a better ecosystem.

To stimulate an innovative payments ecosystem, the EDPIA believes the EU should build on the EU’s SEPA project, which will allow new technologies like account-to-account payments to thrive, including on a cross-border basis. Though card payments will remain important in the future, these new technologies bring welcome diversity.

The EDPIA is looking forward to inviting relevant stakeholders to a physical launch event in Brussels once the COVID-19 crisis is over.