GoKawiilEuropean Payment Network ENP Launches to Challenge US Giants
The European Network for Payments (ENP) has been established by major European payment providers, including Bizum, Bancomat, Wero, SIBS-MB WAY, and Vipps MobilePay, to create a unified infrastructure. Covering 70% of Europe's population, ENP aims to connect existing networks for seamless cross-border and in-person transactions, with plans to expand into online payments. The initiative seeks to reduce Europe's dependence on US-based payment giants like Visa and Mastercard.
GoKawiil's interpretation of the reporting above, not reported fact.
This development suggests a strategic move by European companies to enhance regional sovereignty in digital payments. If successful, ENP could reshape the competitive landscape, potentially diminishing the dominance of US-based payment networks in Europe. It also reflects broader geopolitical tensions influencing technological infrastructure decisions.
- ENP aims to unify European payment networks for better interoperability.
- The initiative could reduce Europe's reliance on US-based payment giants.
- Future expansion plans include online and in-store payment integration.
Source: techspot.com — Alfonso Maruccia, 2026-10-02
Published there as: “Europe is building its own payment network to finally compete with Visa and Mastercard”
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