Mobile payment systems in Europe establish association to foster collaboration and international payments
Seven mobile payment systems to found the European Mobile Payment Systems Association (EMPSA), uniting 25 million mobile payment users
Europe’s mobile payment systems “Bancontact Payconiq Company” (Belgium), “Bluecode” (Germany, Austria), “MobilePay” (Finland, Denmark), “SIBS/MB WAY” (Portugal), “Swish” (Sweden), “TWINT” (Switzerland) and “VIPPS” (Norway) established the European Mobile Payment Systems Association (EMPSA) to foster collaboration and international payments. EMPSA members combine 25 million registered users, more than one million merchant acceptance points and more than 350 banks attached.
The smartphone as a method of payment has been successfully introduced in several European countries, experiencing significant user and usage growth over the last years. Seven leading mobile payment providers combining 25 million users agreed to foster collaboration and international payment through an association, which was founded in Zurich, Switzerland. EMPSA will cover Belgium (Bancontact Payconiq Company), Germany and Austria (Bluecode), Denmark and Finland (MobilePay), Portugal (SIBS/MB WAY), Sweden (Swish), Switzerland (TWINT) and Norway (VIPPS). More countries and mobile payment systems are expected to join the association over the next months.
The headquarters of the EMPSA are located in Zurich, Switzerland. The association is chaired by Søren Mose, Chairman of the Board of Directors of TWINT and vice-chaired by Anna-Lena Wretman, CEO Swish. Secretary General is Anton Stadelmann, Deputy CEO and CFO of TWINT.
The association aims to generally foster collaboration and to enable the use of the mobile payments systems internationally. „With this cross-border cooperation we want to meet the wish of our users to be able to use their local mobile payment system internationally“, Søren Mose, Chairman of EMPSA.
To underscore the importance of interoperability EMPSA has already set up a working group to establish joint system interoperability. This working group is co-chaired by Bjørn Skjelbred from VIPPS and Christian Pirkner of Bluecode.