EPI Interim Company has announced that PKO Bank Polski and OP Financial Group are joining EPI as founding shareholders of the recently created company.
Furthermore, a group of 12 Spanish credit institutions banks has also formed a consortium and are joining EPI as a collective founding shareholder of the EPI Interim Company. Their joining confirms that EPI governance is open to smaller players and is willing to take into consideration their specific needs for the future solution.
This movement will substantially increase the coverage of EPI in the Spanish market, alongside the three largest Spanish banks BBVA, CaixaBank and Banco Santander which are all individual shareholders of EPI. The consortium of credit institutions consists of ABANCA, Banco Cooperativo Español, Grupo Cooperativo Cajamar, Caja de Ingenieros, LABORAL Kutxa, Cecabank, Eurocaja Rural, Grupo Bankinter, Ibercaja, Kutxabank, Liberbank and Unicaja Banco.
The admission of PKO Bank Polski and OP Financial Group leads the way for EPI’s access to the Polish and Finnish markets.
Poland will become the first non-euro-based market to form part of EPI and will enable the group to address the challenge of currency conversion within the solution.
Two weeks ago, third-party acquirers Worldline and Nets also announced their accession as EPI founding shareholders. In the coming months, EPI will focus on the implementation of the new solution.
