Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Conversation
The Conversation
Ricardo Palomo-Zurdo, Catedrático de Economía Financiera y Decano, Universidad CEU San Pablo

YOU WONT BELIEVE: Why europe is building both a digital euro and a new mobile payment network - You Need To See This

Euro Europe European Central Bank European Union Privacy
Polinmrrr/Shutterstock

Sending money from your phone seems simple: just choose a contact, enter an amount, and press confirm. But behind these apparently simple actions lie national payment systems that are not always interoperable.

In Europe, the Madrid-based European Network for Payments (ENP) has been established to link five mobile payment solutions operating in 13 European countries: Bizum (Spain), Bancomat (Italy), SIBS-MB WAY (Portugal), Vipps MobilePay (Norway, Denmark, Sweden and Finland) and EPI/Wero (Germany, Belgium, France, the Netherlands, Luxembourg and Austria).

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Kerr Smith reveals why this Dawson's Creek star wasn't interviewed for his memoir
Dawson's Creek star Kerr Smith has addressed why former co-star Joshua Jackson was not interviewed for his new memoir I Don’t Want to Wait: My Life on Dawson’s Creek, explaining that everyone involved made a personal choice.
BANG Premier
BANG Premier
Alaska UFO Mystery as Giant Jellyfish-Like Object With 'Moving Tentacles' Appears Near US F-22 Military Base
A woman in Anchorage, Alaska, said she photographed a dark, jellyfish-shaped object hovering for about three minutes before it disappeared near the direction of a US military base.
International Business Times UK
International Business Times UK
Mathematicians unravel hidden conversation pattern that could boost odds of successful first date
Researchers say it takes more than ideas and words in conversation to build closeness
The Independent UK
The Independent UK
Alabama Barker claims pals stole 130k of items from her
Influencer Alabama Barker has alleged friends stole more than $130,000 worth of valuables from her over two years, including four pairs of $20,000 Chrome Hearts jeans and a $50,000 Birkin bag.
BANG Premier
BANG Premier
Blanket Fetches $1.8 Million: Navajo heirloom stuns at auction; record for textiles set
In a surprising turn of events, a Navajo blanket believed to be a mere heirloom sold for an impressive $1.8 million at auction. Initially expected to attract bids between $100,000 and $200,000, the piece drew extraordinary collector interest. Hailing from the mid-19th century, this blanket illustrates the exceptional weaving skills…
The Times of India
The Times of India
Sting says his 6 children will not inherit his multimillion-dollar fortune
British musician Sting has reiterated that his six children will not inherit a substantial fortune from him, arguing that giving them too much money could do more harm than good. The singer, whose real name is Gordon Matthew Thomas Sumner, believes children should develop independence and learn to build their…
The Times of India
The Times of India
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play