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FRANKFURT (Reuters) – Some European banks are holding on to their decision to move forward with a new payment plan against Mastercard (NYSE 🙂 and Visa (NYSE :), according to the company overseeing the effort. on Thursday.
The delay marks a major obstacle to the European Payments Initiative (EPI), which aims to become a new standard of payment by offering a card to consumers and retailers across Europe.
A majority of shareholders in Belgium, Germany and France said in a statement on the website that the EPI Interim Company wanted to take the project forward.
“Other shareholders, such as some Spanish banks, will respond in January,” he said.
The holders are the German Commerzbank (DE 🙂 and DZ Bank, people with knowledge of the subject told Reuters. Both donors plan to withdraw from the project due to the relatively high cost of German bank participation, sources said.
Unicredit (MI 🙂 also has no plans to participate in German operations, but will look into future proposals, a spokesman said.
Last month, Ventura filed a public appeal on Tuesday, claiming that his private sponsors were not ready to earn all the money he needed, while private sponsors were not ready to earn all the money he needed.
Deutsche Bank (DE 🙂 and BNP Paribas (OTC 🙂 have been among the banks supporting the project.
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