Yhn BusinessFinance first seen 14 h ago, last 1 h ago, peak #6
European Payments Groups Unveil Network to Rival Visa and Mastercard
Original: European Network for Payments – An EU Alternative to Visa/Mastercard
European payments companies are joining forces to launch a new pan-European payments network, billed as an EU alternative to Visa and Mastercard. The initiative aims to lessen Europe's reliance on US-controlled card networks, and it is drawing attention among fintech and policy watchers debating Europe's push for payment sovereignty and reduced dependence on American financial infrastructure.
Why now: News of a European-backed card network challenging the Visa/Mastercard duopoly touches on EU strategic autonomy concerns currently high on the agenda.
European Network for PaymentsEuropean UnionVisaMastercard
Evidence
- European Network for Payments – An EU Alternative to Visa/Mastercard · monegator · 19
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