Mastodawn

Europe’s $24T breakup with Visa & Mastercard has begun. ECB’s Lagarde warns almost all EU card/mobile payments still run on non‑European rails, sending spending data outside the EU. Now EPI + EuroPA are launching Wero, a pan‑EU wallet for 130M users to pay cross‑border without US networks. A huge shift for payment sovereignty—and data privacy.

#payments #fintech #eu #wero #datasovereignty

https://europeanbusinessmagazine.com/business/europes-24-trillion-breakup-with-visa-and-mastercard-has-begun/

Europe vs Visa & Mastercard: The $24 Trillion Payments Shift

Europe is building its own payments system and reducing reliance on Visa and Mastercard. Here’s why the $24 trillion shift matters now.

European Business Magazine

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Ronny Lam 1d ago

@mojo Will banks be moving away from Google and Apple pay too? Some of them had their own NFC technology, but they decided to abort it.

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older

@ronnylam

They do. Norwegian Vipps (mentioned in the article) has launched NFC payments already this year.

But there were alternatives even before that: Samsung Pay, Swatch Pay for example.
Curve Pay is another one: https://www.curve.com/

@mojo

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