WEEKLY FACTS - Week 29 - 2025
Every day, Adnews reviews the latest innovations and news on financial services and international payment. Focus on announcements that should not be missed this week and that outline major trends in the sector.
When Africa has its own Scheme
Winning autonomy and countering the domination of American schemes (payment networks) is now a battlehorse for Europe, but also for Africa. And the continent recently realized its ambition to harmonize its payment systems in order to offer a local alternative to networks such as Visa and Mastercard.
Austrian banks ready to join PPE
The European Payments Initiative (EPI) would be in the process of joining a new banking community in its cause. It has just revealed that it has entered into discussions with Austrian banks on the possibility of their accession to the European Payment Initiative. This strategic decision would include the proposal of the Wero payment service by the Austrian banks concerned.
Five banks partner around data analysis
A new interbank association has just emerged in Europe. It involves several renowned European banks and relies on the combination of forces and expertise to optimize large-scale payment data analysis. This new Global Financial Transactions Network (FTGRN) is led by ABN AMRO, BBVA, BNP Paribas Fortis, CaixaBank and Danske Bank.
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