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EU Debates Building a Homegrown European Payment System
Original: A Payment System Made in Europe?
European policymakers are weighing the creation of a payment system made in Europe, reducing reliance on US-dominated networks like Visa and Mastercard. The Council of the EU is highlighting the debate as calls grow for greater strategic autonomy in financial infrastructure, especially following pressures on cross-border payments and digital sovereignty within the eurozone.
Why now: EU institutions are pushing digital sovereignty and reducing dependence on foreign payment networks, a live policy debate.
Council of the European UnionEuropean UnionVisaMastercard
Evidence
- A Payment System Made in Europe? · Council of the EU · 144.3K
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