Nopan becomes Principal Member of EPI

This news signals a major shift in the European payment landscape that will eventually change how you accept money at the point of sale. Nopan has joined the European Payments Initiative (EPI) to help scale 'Wero,' a new digital wallet intended to rival US giants like Visa, Mastercard, and Apple Pay. For retailers, this represents a move toward a unified digital payment standard across Europe. Wero is evolving from a simple peer-to-peer app into a full-scale e-commerce and in-store payment solution. As this moves toward the 'Phase 2' rollout, merchants should expect new account-to-account payment options. These systems typically reduce transaction costs for the merchant compared to traditional credit card networks. It also opens the door for more integrated loyalty programs and direct-from-wallet consumer financing at the checkout. While the initial focus is on European market infrastructure, the standard set by the EPI often influences global digital wallet trends and integrations for international retailers.

Source: Finextra — Lending

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