Objectives

Objectives2018-05-14T10:32:53+00:00

The objectives of EPIF are to:

  • Communicate and educate on the role of the payment institution sector in the economy.

  • Present an alternative and complementary perspective to banks in the payments space.

  • Set out the benefits of a single EU payments (institutions) market – removal of excessive regulatory obstacles.

  • Be seen as an infrastructure provider for efficient payments in a European Single Market.

  • Promote an increased level of innovation and competition in the payment sector.

  • Increase quality of payment services (e.g. security, reliability etc.).

  • Increase payment product diversification tailored to the needs of society (e.g. mobile, internet).

  • Act as a powerful network for Members to exchange views, form common positions and exchange best practice.

  • Share daily information on regulatory and EU policy developments impacting the sector.

  • Participate in EU industry wide fora on payment standard setting and regulation and actively represent EPIF members in these discussions.

  • Ensure PIs have fair and proportionate access in the EU.

  • From time to time, comment jointly on pending EU legislation and policy.

  • Engage in any other activity furthering the above objectives.