Yhn WorldPolitics first seen 14 h ago, last 26 min ago, peak #9
Canada and EU plan to link next-generation payment systems
Original: Canada, EU plan to link next-gen payment systems
Canada and the European Union have announced plans to connect their next-generation payment systems, according to a joint statement reported by The Globe and Mail. The move would tie Canada's forthcoming real-time payment infrastructure to the EU's equivalent, reducing reliance on dominant foreign card networks. Observers see it as part of a broader push by Western allies to build payment rails independent of US-controlled systems and strengthen financial sovereignty.
Why now: The joint statement comes amid growing Western efforts to reduce dependence on US payment networks and boost financial resilience.
CanadaEuropean UnionThe Globe and Mail
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- Canada, EU plan to link next-gen payment systems · vrganj · 10
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