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he European Payments Initiative (EPI) is thrilled to announce the successful completion of its first account-to-account instant payment transactions with wero, EPI’s newly developed instant payment solution. This significant milestone was achieved today through a proof of concept conducted between customers from Sparkasse Elbe-Elster in Germany and Banque Populaire and Caisse d’Epargne (Groupe BPCE) in France.
The inaugural transaction, worth 10 euros, was sent today from a German account to a French account via the easy-to-use new payment solution. The advanced technology employed by the dedicated teams at both banks ensured that the transfer was instant. Subsequently, the bank teams proceeded to conduct several additional transactions throughout the day, seamlessly moving various amounts of euros between the designated accounts.
This successful demonstration shows the progress done by EPI in building its account-to-account (A2A) payment means based on SCT Inst and its digital wallet. The enthusiasm and dedication exhibited by all the teams during this significant occasion were truly inspiring. Looking ahead, EPI plans to extend the use of wero to the first pilot users within its member banks in Belgium, France, and Germany in the new year.