European Payments Initiative: Member Fallout May be Blessing in Disguise, Enabling to Focus on Strengthening Market Foundations, Expert Says
Not that long ago, over half of EPI’s member banks opted out, forcing the remaining members to give up on their efforts to rival Visa and Mastercard dominance in the European market. Local payments expert Frank Breuss argues this may turn out in Europe’s favor, enabling to fill in foundational gaps in the payments industry.