🇪🇺 The EU has called for the "urgent" creation of alternatives to Visa and Mastercard to reduce dependence on the US.
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The EU has called for the "urgent" creation of alternatives to Visa and Mastercard to reduce dependence on the US.According to Director General of the EU Banking Alliance, the dominance of US payment systems is a potential leverage point should transatlantic relations deteriorate.
As the Financial Times notes, Visa and Mastercard currently account for approximately two-thirds of card transactions in the eurozone, while 13 EU countries lack a national alternative.
@MAKS23 That would be great! India has done this already: https://en.wikipedia.org/wiki/RuPay
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The EU has called for the "urgent" creation of alternatives to Visa and Mastercard to reduce dependence on the US.
According to Director General of the EU Banking Alliance, the dominance of US payment systems is a potential leverage point should transatlantic relations deteriorate.
As the Financial Times notes, Visa and Mastercard currently account for approximately two-thirds of card transactions in the eurozone, while 13 EU countries lack a national alternative.
@MAKS23 They used to have one, Europay -- it's the "E" in "EMV". They allowed it to merge with MasterCard.
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The EU has called for the "urgent" creation of alternatives to Visa and Mastercard to reduce dependence on the US.
According to Director General of the EU Banking Alliance, the dominance of US payment systems is a potential leverage point should transatlantic relations deteriorate.
As the Financial Times notes, Visa and Mastercard currently account for approximately two-thirds of card transactions in the eurozone, while 13 EU countries lack a national alternative.
@MAKS23
MONZO? -
The EU has called for the "urgent" creation of alternatives to Visa and Mastercard to reduce dependence on the US.
According to Director General of the EU Banking Alliance, the dominance of US payment systems is a potential leverage point should transatlantic relations deteriorate.
As the Financial Times notes, Visa and Mastercard currently account for approximately two-thirds of card transactions in the eurozone, while 13 EU countries lack a national alternative.
@MAKS 25
QR code and SEPA Instant Credit Transfer(under 10 seconds). Nobody needs card operators.
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The EU has called for the "urgent" creation of alternatives to Visa and Mastercard to reduce dependence on the US.
According to Director General of the EU Banking Alliance, the dominance of US payment systems is a potential leverage point should transatlantic relations deteriorate.
As the Financial Times notes, Visa and Mastercard currently account for approximately two-thirds of card transactions in the eurozone, while 13 EU countries lack a national alternative.
-
The EU has called for the "urgent" creation of alternatives to Visa and Mastercard to reduce dependence on the US.
According to Director General of the EU Banking Alliance, the dominance of US payment systems is a potential leverage point should transatlantic relations deteriorate.
As the Financial Times notes, Visa and Mastercard currently account for approximately two-thirds of card transactions in the eurozone, while 13 EU countries lack a national alternative.
They should have blocked the EuroCard merger with Mastercard when they had the chance.
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@MAKS 25 QR code and SEPA Instant Credit Transfer(under 10 seconds). Nobody needs card operators.
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The EU has called for the "urgent" creation of alternatives to Visa and Mastercard to reduce dependence on the US.
According to Director General of the EU Banking Alliance, the dominance of US payment systems is a potential leverage point should transatlantic relations deteriorate.
As the Financial Times notes, Visa and Mastercard currently account for approximately two-thirds of card transactions in the eurozone, while 13 EU countries lack a national alternative.
@MAKS23 Bancontact for all!
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The EU has called for the "urgent" creation of alternatives to Visa and Mastercard to reduce dependence on the US.
According to Director General of the EU Banking Alliance, the dominance of US payment systems is a potential leverage point should transatlantic relations deteriorate.
As the Financial Times notes, Visa and Mastercard currently account for approximately two-thirds of card transactions in the eurozone, while 13 EU countries lack a national alternative.
@MAKS23 I hope Wero becomes that alternative.
Wero - Digital payment wallet
Experience fast and secure digital payments with Wero’s wallet, enabling you to send and receive money between bank accounts in under 10 seconds.
(wero-wallet.eu)
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The EU has called for the "urgent" creation of alternatives to Visa and Mastercard to reduce dependence on the US.
According to Director General of the EU Banking Alliance, the dominance of US payment systems is a potential leverage point should transatlantic relations deteriorate.
As the Financial Times notes, Visa and Mastercard currently account for approximately two-thirds of card transactions in the eurozone, while 13 EU countries lack a national alternative.
-
The EU has called for the "urgent" creation of alternatives to Visa and Mastercard to reduce dependence on the US.
According to Director General of the EU Banking Alliance, the dominance of US payment systems is a potential leverage point should transatlantic relations deteriorate.
As the Financial Times notes, Visa and Mastercard currently account for approximately two-thirds of card transactions in the eurozone, while 13 EU countries lack a national alternative.
-
The EU has called for the "urgent" creation of alternatives to Visa and Mastercard to reduce dependence on the US.
According to Director General of the EU Banking Alliance, the dominance of US payment systems is a potential leverage point should transatlantic relations deteriorate.
As the Financial Times notes, Visa and Mastercard currently account for approximately two-thirds of card transactions in the eurozone, while 13 EU countries lack a national alternative.
@MAKS23 finally !!!! #usdigitaldetox
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