Brief: European Payments Initiative: Erste Bank and Raiffeisen Bank join it as shareholders
Mon 09:42
BRIEF-European Payments Initiative: Erste Bank and Raiffeisen Bank join it as shareholders June 22 (Reuters) - EUROPEAN PAYMENTS INITIATIVE (EPI)
European Payments Initiative said Erste Bank Oesterreich and Raiffeisen (Raiffeisen Bank International and Raiffeisen Landesbanken) would be joining the EPI as shareholders.
The EPI said that these leading Austrian banking groups would bring Wero to Austrian customers.
"We are delighted to welcome Erste Bank Oesterreich, Raiffeisen Bank International and the Raiffeisen Landesbanken to EPI as shareholders. Their commitment reinforces the momentum behind Wero at a time when our European expansion continues to accelerate," said European Payments Initiative CEO Martina Weimert in a statement.
(Reporting by Sudip Kar-Gupta)
((sudip.kargupta@thomsonreuters.com;))
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