European Payments Initiative
The European Payments Initiative (EPI), previously known as the Pan-European Payments System Initiative (PEPSI), is a European Central Bank-backed payment-integration initiative aiming to create a pan-European payment system and interbank network to rival Mastercard and Visa, and eventually replace national European payment schemes such as France's Carte Bancaire and Germany's Girocard.

It is supported by the European Commission, and currently comprises twenty major European banks (including all the major French banks, Deutsche Bank and Commerzbank in Germany, Santander Bank in Spain and Intesa Sanpaolo and UniCredit in Italy).
Q8901
European Central Bank
Concept
Q986008
payment system
Concept
Q1976393
interbank network
Concept
Q489921
Mastercard
ORG
Q328840
Visa
ORG
Q3118043
Carte Bancaire
ORG
Q1406930
Girocard
MEDIA
Q8880
European Commission
ORG
Q3091456
major French banks
ORG
Q66048
Deutsche Bank
ORG
Q157617
Commerzbank
ORG
Q5835668
Santander Bank
ORG
Q1343118
Intesa Sanpaolo
ORG
Q45568
UniCredit
ORG
Q96743053
European Payments Initiative
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instance of
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