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Europe to create payments champion to rival PayPal,...


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A new company, based in Brussels, is creating a pan-European payments service that can be used to pay online as well as in stores, settle bills between individual consumers and withdraw cash at ATMs.
“The idea is to build a European payment champion that can take on PayPal, Mastercard, Visa, Google and Apple,” said Joachim Schmalzl, the chair of the European Payment Initiative (EPI), told the Financial Times .
Deutsche Bank, BNP Paribas, ING, UniCredit and Santander a total of 16 major banks are backing the initiative; these banks currently process more than half of all. ....

Bruxelles Capitale , Joachim Schmalzl , European Payment Initiative , Deutsche Bank , Financial Times , ப்ரூக்ஸெல்ஸ் தலைநகரம் , ஐரோப்பிய கட்டணம் முயற்சி , டாய்ச் வங்கி , நிதி முறை ,