CAVOK@lemmy.world to

Europe@feddit.orgEnglish · 6 days ago

The EU Seeks to Break Its Dependence on Visa, Mastercard Rails

www.paymentsjournal.com

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The EU Seeks to Break Its Dependence on Visa, Mastercard Rails

www.paymentsjournal.com

CAVOK@lemmy.world to

Europe@feddit.orgEnglish · 6 days ago

6

The ECB has reaffirmed its ambition to reduce reliance on non-European payment systems, most notably the networks of Visa and Mastercard

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4 days ago
There are no real card network alternatives (for now). Some countries have very popular Venmo/ PayPal alternatives and bank transfers now allow for free instant payment in the SEPA network.

The most promissing alternative seems to be Wero but its not that common yet.

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