Seven mobile payment service providers in Europe have joined forces to create the European Mobile Payment Systems Association (EMPSA).
EMPSA members are Switzerland’s TWINT, Belgium’s Bancontact Payconiq Company, Bluecode in Germany/Austria, MobilePay in Finland/Denmark, Portugal’s SIBS/MB Way, Sweden’s Swish, as well as Norway’s Vipps.
Collectively, the seven service providers have a user base of nearly 25 million, more than one million acceptance points. Around 350 banks support the systems, noted TWINT that is said to have around 1.7 million users.
The goal of EMPSA is to support the interoperability of the mobile payment systems.
The association has formed a working group to assess the technical issues in this regard.
Commenting on the new initiative, TWINT CEO Markus Kilb said: “I am confident that this association will help to promote the interoperability and international use of the mobile payment systems in the medium term and establish a genuine European alternative means of payment.”
EMPSA will be based in Zurich. TWINT chairman Søren Mose will chair the new association.
TWINT deputy CEO and CFO Anton Stadelmann will serve as the general secretary of EMPSA.
“With this international cooperation, we want to accommodate our users’ wishes of also being able to use the tried-and-tested systems internationally,” Mose stated.