Europäische Alternativen zu Visa und Mastercard werden „dringend“ benötigt, sagt Bankenchef
https://www.ft.com/content/fcc215bb-b7b8-4a62-87ed-03f603eb3d14
Von JackRogers3
Europäische Alternativen zu Visa und Mastercard werden „dringend“ benötigt, sagt Bankenchef
https://www.ft.com/content/fcc215bb-b7b8-4a62-87ed-03f603eb3d14
Von JackRogers3
19 Kommentare
that’s what the digital euro is for
Visa Europe was an independent and separate company that operated Visa branded products and services within Europe.
Don’t know what the motivation was to sell it off to Visa Inc. in 2016.
Why do we urgently need alternatives? The US systems work just fine and they will not want to give up their profit for any US administration decision. And we always have cash, Giropay, the portuguese Multibanco, P24 polish. We just need to expand one of these across all EU borders.
Like Brazil central bank with Pix.
Let the ECB build the solution itself (of course the commercial banks are going to get crazy, but that is the only way).
There are many domestic products that would scale fine to the Eurozone. Take Bancontact for instance. And that’s not even pure BE anymore, since CCV at least now also offers this in NL.
Good idea 👍🏼
India has its alternative to Visa and Mastercard. Why can’t Europe?
We do have an alternative network in France called CB, cards often have the CB/Visa or CB/MasterCard logos, and CB is the default network when available. Maybe it could be expanded to Europe
Love this. Bring the brand to Canada as well.
Hello fellow EUers, would you like to join Russian MIR payment system?
The US has shut down the credit cards of ICC Judges who are investigating war crimes.
They also blocked them from using Amazon and google and other digital platforms.
It’s an urgent problem – not just for the EU but for Canada, NZ and Australia as well.
Something like UPI
Fun fact: I found out that the German bank N26 is a Peter Thiel backed organization, obviously i closed my account immediately…
Bitcoin. Yeeeeey
In Poland we already have an alternative in the form of BLIK. While it’s not as convenient as a card for in-person payments, it is pretty good for online payments and instant transfers to someone.
Not sure why there isn’t a movement to make it accessible to whole Europe.
Classic European official statement: “This is urgent.” Just like replacing Windows or AWS is supposedly urgent. They will commission hundreds of studies and produce thousand‑page reports (written in Microsoft Word), waste decades, and spend millions in the process. But in reality, nothing will change. Once Trump is gone, they’ll simply return to how things were before. At least European bureaucrats have comfortable, well‑paid jobs.
There’s also Bancomat that could be used extended, but indeed digital euro is the real solution
https://en.wikipedia.org/wiki/Bancomat_(interbank_network)
That’s why the ECB is building the digital Euro. Unfortunatly this will take a few years because as always some member states live in a backwards fantasy world. Looking at you Germany and Austria.
Will the Digital euro replace Mastercard/VISA for payments outside of the eurozone?