▶youtube WorldEU Politics first seen 6 d ago, last 12 h ago, peak #3
Europe builds its own payments system to challenge Visa and Mastercard
European officials are moving ahead with plans to build a homegrown payments system designed to reduce reliance on US giants Visa and Mastercard. The initiative aims to give European banks, merchants and consumers an independent alternative for card payments and digital transactions, strengthening the continent's financial sovereignty amid growing geopolitical tensions.
Why now: Europe's push for financial independence from US payment networks is a timely sovereignty and competition story.
Evidence
- Europe builds its own payments system to challenge Visa and Mastercard · Al Jazeera English · 538.1K
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