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EU Debates Building a Homegrown Payment System
Original: A Payment System Made in Europe?
The Council of the EU is raising the question of whether Europe should develop its own payment system, less dependent on foreign card networks and platforms. The discussion taps into debates over digital sovereignty and the EU's plans for a digital euro, with supporters arguing strategic autonomy in payments and critics questioning the cost and need for another system.
Why now: Ongoing EU debates about digital sovereignty and the digital euro have put European payment independence back in focus.
Council of the European UnionEuropean Uniondigital euro
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- A Payment System Made in Europe? · Council of the EU · 194.2K
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