MB Way to enable cross-border transfers by the end of the year

Thursday, 16 April 2026RSS
MB Way to enable cross-border transfers by the end of the year

SIBS, through MB WAY, Bancomat, and the EPI Company (EPI) have reached an agreement to create payment solutions across 13 European countries. The system will leverage MB Way services for cross-border use, integrating technology from Italy's Bancomat and EPI. EPI, founded by European banks in 2020, recently launched Wero, a European payment system similar to MB Way. During a presentation in Lisbon on April 16, officials confirmed that person-to-person transfers across 13 countries—including Portugal, Spain, France, Germany, and others—should be available by year-end using QR codes. The next phase aims to expand the solution to online and in-store purchases by 2027, incorporating contactless (NFC) technology. The ECB Vice-President noted the value of a unified European system, while the ECB highlighted that a digital euro would reduce Europe's payment dependency.

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