Please find below the Joint Statement by EPIF, together with the ETTPA, the European Fintech Association, the European Digital Finance Association and AEFI on the EU eIDAS Regulation.

The Joint Statement highlights the importance of keeping payments under the scope of the Regulation.


Digital identity should be able to substitute physical identity documents in any situation where such verification and authentication of a citizen or business is required. It would not be reasonable to inhibit digital innovation by excluding entire industries from the scope of the regulation, as suggested recently by some bank associations. Keeping payments in scope and developing such interoperability standards, will allow consumers to make instant payments using their smartphone in a frictionless standardised and non-proprietary manner across all EU countries. This will not only benefit consumers, businesses and fintechs, but it will also add to the EU’s continued wealth creation.