▶youtube BusinessBanking first seen 19 h ago, last 34 min ago, peak #5
EU Weighs Building Its Own Payment System
Original: A Payment System Made in Europe?
European Union institutions are raising the question of whether Europe should develop its own payment system, reducing reliance on foreign card networks and payment platforms. The debate comes as officials push for greater 'strategic autonomy' in financial infrastructure, with merchants and banks weighing the costs and benefits of a homegrown alternative to Visa and Mastercard.
Why now: Ongoing EU efforts to gain financial independence from US-dominated payment networks have reignited debate over a European alternative.
European UnionCouncil of the EUVisaMastercard
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- A Payment System Made in Europe? · Council of the EU · 177.5K
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