European Credit Sector Associations welcome the creation of the European Network for Payments

European Credit Sector Associations welcome the creation of the European Network for Payments

Brussels, 7 October 2026 – The European Credit Sector Associations (EACB, EBF, ESBG) welcome the announcement  of the creation of the European Network for Payments (ENP).

The establishment of this new entity marks an important step towards inter-connecting European payment solutions operated by Bancomat, Bizum, EPI/Wero, SIBS–MB WAY and Vipps MobilePay. Together, these solutions serve approximately 130 million users across 13 European countries, providing significant scale from the outset. Building on their Memorandum of Understanding earlier this year, the ENP will provide the common technical and operational framework to progressively enable seamless cross-border payments across Europe.

Europe’s banks have consistently supported a competitive, innovative and resilient European payments ecosystem. Connecting historically fragmented and distinct national markets is an important next step. The creation of the ENP demonstrates how market-led cooperation can concretely contribute to Europe’s sovereignty ambitions building on existing European strengths, standards and investments.

As representatives of Europe’s diverse banking sector, we warmly welcome this important step towards a more sovereign, competitive and integrated European payments market, benefiting European citizens and businesses.

Read the full joint statement 
 

For more information please contact:

Alexandra Maniati, Senior Director of Innovation & Cybersecurity – a.maniati@ebf.eu

Christophe Bonte, Head of Payments - Payments & Innovation – c.bonte@ebf.eu

About the EBF:
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The federation is committed to a thriving European economy that is underpinned by a stable, secure, and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.