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    Europas 24 Billionen Dollar schwere Trennung von Visa und Mastercard hat begonnen

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    1. clamorous_owle on

      Fragmentation has disadvantages. If Europe wants to be master of its own finances it needs to increase the level of internal cooperation.

    2. Adorable-Database187 on

      >…the real breakthrough came on 2 February, when EPI signed a memorandum of understanding with the [EuroPA Alliance](https://empsa.org/news/bancomat-bizum-epi-sibs-and-vipps-mobilepay-sign-mou-to-accelerate-the-rollout-of-sovereign-pan-european-payment-solutions/) — a coalition of national payment systems including Italy’s Bancomat, Spain’s Bizum, Portugal’s MB WAY and the Nordics’ Vipps MobilePay. The deal instantly connects approximately 130 million users across 13 countries, covering roughly 72% of the EU and Norway population. Cross-border peer-to-peer payments launch this year, with e-commerce and point-of-sale payments following in 2027.

      >“European payment sovereignty is not a vision, but a reality in the making,” said Martina Weimert, CEO of EPI.

      Well thats a great improvement in sovreignty for Europe.

    3. Duanedoberman on

      Its really concerning that these US companies could shut down most of the European economy in an instant, especially with the present incumbent in the White house.

      Its definitely a good move.

      I Hope the UK joins too.

    4. ManatuBear on

      I’ve used Visa only once in the past 3 years, and it was because I was forced to make a VISA payment with card to disable the contactless. MB/Mbway is available for nearly everything in Portugal. Aren’t national payment systems available like this in other EU countries?

    5. dbxp on

      It’ll be fantastic if it actually takes off, it looks like it is on a good trajectory as it’s acquiring a bunch of previous disparate systems

    6. xica7hm on

      Does this mean they’ll stop accepting visa/mastercard? Asking as a tourist what does this translate to?

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