Yhn BusinessBusiness first seen 2 d ago, last 17 min ago, peak #6

European payments groups join forces to challenge US dominance

Several European payments companies have formed an alliance aimed at reducing reliance on US-controlled payment networks such as Visa and Mastercard. The move, reported by RTE, reflects growing concern in Europe over dependence on American financial infrastructure and a push to build a stronger domestic alternative for consumers and merchants across the continent.

Why now: Concerns over European dependence on US payment networks have intensified amid geopolitical tensions and the push for digital sovereignty.

European payments industryVisaMastercardEuropean Union

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Evidence

• European payments groups join forces to challenge US dominance · vrganj · 63

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