European Payments Alliance
The European Payments Alliance is an initiative aiming at developing a unified European payment solution and facilitating the interoperability of mobile payment solutions provided by several firms. It was created in December 2023 by Italian interbank network Bancomat, Spanish mobile payment firm Bizum and Portuguese firm SIBS. Like the
European Payments Initiative, EuroPa's goal is to provide a euro-owned payment system capable of wresting control away from US payment providers.
First steps
In December 2023, Bancomat, Bizum and SIBS signed a letter of intention in order to create a partnership in digital payment.In November 2024, Bancomat, Bizum and SIBS officially launched EuroPA, a service allowing their respective users and clients to make instant payments using their mobile phones across the three countries. The three firms also announced that they were in talks to add more firms to their partnership in order to expand their service in Europe.
On 31 March 2025, Bancomat, Bizum and MB Way launched the first instant cross-border transactions.
In May 2025, Norwegian mobile payment service provider Vipps MobilePay and Polish mobile payment system Blik signed a letter of intent to join the EuroPA-alliance, thus expanding the reach of the interoperable system to users in Denmark, Finland, Norway, Poland, Sweden. In June 2025, Greek firm DIAS joined EuroPA.