European alternatives to Visa and Mastercard ‘urgently’ needed, says banking chief

[eunews@mastodon.social]

European alternatives to Visa and Mastercard ‘urgently’ needed, says banking chief

US payment processing companies account for about two-thirds of card transactions in Eurozone

(https://archive.ph/Oqs7X)

https://www.ft.com/content/fcc215bb-b7b8-4a62-87ed-03f603eb3d14

[sleepytako@famichiki.jp]

@eunews indeed! this please.

[dmian@mastodon.social]

@eunews Digital Euro FTW! And instant payment methods, like the ones proposed by the European Mobile Payment Systems Association and other EU bank associations.

[brokar@mastodon.social]

@eunews They had decades to come up with something.
But money is precious and no bank wanted to rush forward because there was no urge to do so.
The second mark they missed was the discontinuation of Maestro.
Now they're crying.
Neither the banks nor the EU did anything regarding that topic.
All those complaining right now should be fired because they were part of the situation we're in right now.

[reggiehere@mastodon.social]

@eunews

The EU is currently trying to do all the same things that the BRICS has already done for pretty much the same reasons.

[doboprobodyne@mathstodon.xyz]

@Brokar @eunews
I would settle for one of those Taiwanese railway RFID prepaid charge-card widgets. KISS!

https://hackaday.com/2026/01/28/the-fancy-payment-cards-of-taiwan/

#banking #sovereignty #paymentProcessors #europe

[older@mstdn.social]

@doboprobodyne

Or a QR code payment system like those popular in Asia. There is a proposal to make it a standard there:
https://en.wikipedia.org/wiki/ASEAN_Integrated_QR_Code_Payment_System

@Brokar @eunews

[ayhon@mas.to]

@eunews I thought this was what WERO was set out to be? Is it a different thing?