of authorised Payment Institutions in the EEA are Money Transmitters (with a majority in Greece, Italy, Ireland, Lithuania, Portugal, Spain and the UK) in 2012
total value of transactions in the EEA undertaken in 2010 by Authorised Payment Institutions through money remittance, transfers and retail foreign exchange activities, plus foreign exchange brokers and card acquirers
EPIF represents over 200 payment institutions across the EU
Studies indicate that the value of m-payments in Europe could be as high as EUR 250 billion/year by 2014
- 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
The European Payment Institutions Federation (EPIF) would like to formally invite you to the EPIF’s first annual public workshop on 9th November in Brussels at our offices in Rue de la Science, 14B, from 9:00 to 14:15h, including lunch.
EPIF was created in July 2011 to represent the interests of the non-banking Payment Institutions at the European level. Directly and indirectly EPIF represents roughly 250 payment institutions in Europe covering a range of business models. EPIF brings together European and international companies in the remittance sector, three party card schemes, third party providers, cross-border acquirers, payment processors, electronic payment providers, fx traders, electronic wallet providers and operators of mobile payments. Since 2011, EPIF has gone from strength to strength and is now an important well established trade association in Brussels.
The format of the event will be a half day panel discussions and keynote speeches from the key policy makers in the area of payments.
Should you be interested in attending the Workshop please send us an email to: email@example.com
EPIFis deligted to be hosting a panel on Blockchain on 15th March in Brussels
EPIF is pleased to share its position paper on the Commission;s proposal to amend the 4th AMLD.