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
@mojo
Wero only works in iPhone and Android.
Both US chokepoints.
@vampirdaddy
But that's just the end user device. When the infrastructure is up and running, new frontends could be built for Jolla, Graphene, LineageOS, whatever. It merely requires the political decision that the software should be available and distributed on other platforms/appstores than the 🇺🇸 ones.
@mojo
@MrManor @vampirdaddy @mojo we want websites, not apps and AppStores. No need for vendor lock-in and non-open technology
@linc
@MrManor @mojo
I have a USB barcode scanner for my PC. So I just need a website that e.g. plugs into my Banking portal.
But not nothing!