cyprus payment — cyprus payment — The Cyprus Association of Electronic Money and Payment Institutions (ACEMPI) has officially joined the European Payments Council (EPC) as an associate member. This move allows ACEMPI to engage directly with European developments in payment policies and standards.
Cyprus payment: ACEMPI’s New Role within the EPC
As the primary European body for payment matters, the EPC is responsible for enhancing the efficiency, security, and speed of payments across the continent. By becoming an associate member, ACEMPI gains a platform to influence future initiatives and contribute to the evolution of payment systems within the European Union.
Recognising Growth and Potential
ACEMPI views its membership as a significant milestone, reflecting its progress and signalling the start of a more impactful participation in the European payments landscape. “This is both a recognition of our progress so far and a starting point for a more active and meaningful role,” the association stated.
Strengthening Cyprus’s Voice in Europe
Ioannis Georgoulas, President of ACEMPI, highlighted the importance of this membership, stating, “With this step, the value of our association and the growth of the sector in Cyprus is now recognised by our European partners.” His words underscore the ambition to enhance Cyprus’s influence in payment discussions at the European level.
Future Contributions to Payment Innovations
The participation in the EPC not only reinforces ACEMPI’s standing in the payments industry but also opens doors for Cyprus-based institutions to contribute substantially to payment innovations. This engagement aims to ensure that the interests of local entities are represented on a broader European stage.
