European Payments Initiative, a bank-backed venture, to acquire fintech firms iDeal and Payconiq. Financial terms were not disclosed. "EPI is delighted to welcome Currence iDEAL and PQI. Together, we will join forces to realise EPI’s vision as we build an innovative solution based on a new, unified instant payment scheme and platform for Europe. EPI will leverage the strong operational experience, know-how and local market knowledge of these companies. We are developing a new, scalable platform to address the modern and evolving payment needs of European consumers and merchants in the best way," Martina Weimert, EPI CEO.