Mmastodon BusinessBanking first seen 6 h ago, last 1 h ago, peak #10

European payment groups unite to challenge US rivals

Original: 💶 European payments groups join forces in challenge to US ｢ ENP's founders are Bancomat, Bizum, EPI Company/Wero, SIBS-M

Leading European mobile payment providers have formed a joint initiative to compete with dominant US payment networks. The founding members include Bancomat, Bizum, EPI Company/Wero, SIBS MB WAY and Vipps MobilePay, together serving around 130 million users across 13 European countries and covering more than 70% of the EU population. Supporters frame the alliance as a push for European payment sovereignty, reducing reliance on American card networks and platforms.

Why now: The alliance directly addresses growing European concerns about dependence on US payment infrastructure, a topic of rising political attention.

BancomatBizumEPI Company/WeroSIBS MB WAYVipps MobilePay

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• 💶 European payments groups join forces in challenge to US ｢ ENP's founders are Bancomat, Bizum, EPI Company/Wero, SIBS-MB WAY and Vipps MobilePay, which together serve around 130 million users across 13 European countries, covering more than 70% of the population of the EU and… · jbz@indieweb.social · 3

API: https://socialmediatrends-api.osmike.com/v1/trends/770992