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EPA expands EU network through new Luxembourg hub

Thibault de Barsy, Vice-Chairman and GM, EPA EU

London-based professional association of payment players, Emerging Payments Association (EPA) has announced the expansion of its European Union network from Luxembourg. The development has seen the formation of a new separate legal structure, the Emerging Payments Association EU (EPA EU), a non-profit business association.

“With Brexit on the horizon we felt it was vital to give our current members, as well as a new cohort of Europe-wide payments businesses a professional association that could represent their interests”, explained Tony Craddock, Director General of the EPA. “We aim to enlarge our international footprint and deliver new opportunities to our existing and future members.”

The EPA is a commercial membership association of payments industry influencers based in London. It runs around 70 events each year, delivers eight projects to drive change, helps to connect the ecosystem, encourages innovation and profitable business growth. Its community is around 150 members strong and growing. Its members come from across the payments value chain; including payments schemes, banks and issuers, merchant acquirers, PSPs, retailers and more.

The European organisation will be headed by Thibault de Barsy, ex-CEO of Keytrade Bank Luxembourg and will assume the role of Vice-Chairman and General Manager of EPA EU. He added, “Connecting key players from across the European Union to collaborate in a way that transcends their national trade bodies seemed an imperative.”

Pierre Gramegna, Minister of Finance of Luxembourg, commented, “With PSD 1 and PSD 2, the EU has shown global leadership when it comes to payment services regulation and open banking. In view of Brexit, the Emerging Payments Association’s decision to expand its EU network to remain at the forefront of developments in the European payment industry thus seems like a natural choice and underlines Luxembourg’s growing role as a leading payment hub over the past decade, both for established global e-commerce and payment firms as well as new Fintech innovators.”

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