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The Voice of Payment Institutions across Europe

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Keys Facts & Figures
  • € 2 trillion

     Total value of card transactions in the EU (2012)

  • 568

    Number of authorised PIs in the EEA (2012)

  • 39.8 billion

    Number of card transactions in the EU (2012)

  • 8,792 billion Card acquiring transactions in the EU in the EEA (2010)

Sources :
- 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’

About EPIF

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.

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Latest News

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    Blockchain Panel

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    EPIF changes on the leadership

    EPIF is deligthed to announce that on 13th January 2016 David Courtnage from Ametican Express has been elected as the new Vice Chair of the Board. At the same meeting  Elie Beyrouthy, Western Union, was elected to succeed Wolfgang Maschek as Chair of the Technical Committee.

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Latest Documents

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    VocaLink White Paper: SCT INST: IS IT SEPA 2.0?

    VocaLink, an EPIFobserver, has published a White Paper on Instant Payments. The White Paper explores what will happen to SEPA after Instant Payments becomes a reality. It considers how Instant Payments may eventually become the "new normal! for Europe or "SEPA 2.0", how this convergence to SCT Inst will affect the stakeholders and what levers there are to guide and tune the convergence process.


    » Visit website » Download (PDF, 547.97 kB)
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    EPIF Response to EBA consultation on draft regulatory standards on separation of card schemes and processing entities

    EPIF welcomes the publication of the EBA’s Consultation Paper on Draft Regulatory Standards on separation of payment card schemes and processing entities: a common feature of our membership is a dependence upon fair access to domestic and international payment schemes/networks; domestic interbank settlement systems and bank accounts. Therefore we have a special interest in the proposed split of schemes’ branding and processing activities.

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