of the EEA Authorised Payment Institutions have applied for a passport to provide payment services into another EEA Member Sate (2012)
Number of small Payment Institutions in the EEA (2012)
Number of money remittance and retail foreign exchange transactions in the EEA (2010)
of EEA Small Payment Institutions are based in Poland (2012)
- London Economics Study on the impact of Directive 2007/64/EC on payment services in the internal market and on the application of Regulation (EC) No 924/2009 on cross-border payments in the Community
- ECB Payment Statistics for 2012
- European Commission ‘Green Paper – Towards an integrated European market for card, internet and mobile payments’
The European Payment Institutions Federation (EPIF) is an international non-profit association. It was founded in June 2011, in response to the adoption of the Payment Services Directive (PSD). The PSD established a new category of payment service providers (payment institutions) to encourage more competition at the European level.
Payment institutions are permitted to provide payment services alongside banks and other financial institutions. By means of a European passport available to them under the PSD, payment institutions can offer payment products and services across borders, thus making it attractive for European consumers to pay and receive funds within as well as outside their home country.Read more
EPIF is deligthed to be histing its First Annual Public Workshop on 9th November in Brussels.
The EPIF half day workshop would aim to bring together up to 100 participants from the membership, potential members, EU policy makers and other important stakeholders to EPIF, such as merchants, corporates, consumers and other representatives of the payment sector.
EPIFis deligted to be hosting a panel on Blockchain on 15th March in Brussels
EPIF is glad to share with you an informative leaflet on the contactless payment solutions and their use prepared by the EPC.
The European Payment Institutions Federation is pleased to share its responses to the EBA discussion paper on innovative uses of consumer data by financial institutions.