ECB president wants a European alternatve to Visa, Mastercard, Paypal & other non-European payment systems

britporn_mike · #1

Why did it take so long to come up with a true European banking alternative?

https://europeanbusinessmagazine.com/bu ... has-begun/

"What’s happening? ECB President Christine Lagarde told Irish radio that Europe needs its own digital payment system “urgently,” warning that virtually all European card and mobile payments currently run through non-European infrastructure controlled by Visa, Mastercard, PayPal or Alipay. Days later, on 2 February, the European Payments Initiative (EPI) and the EuroPA Alliance signed a landmark agreement to build a pan-European interoperable payment network covering 130 million users across 13 countries. The system, built around the digital wallet Wero, aims to let Europeans pay and transfer money across borders without touching a single American network."

3ric · #2

Odds are any new payment method will not be adult friendly

fappmaster · #3

I can not see Visa and Mastercard not being the most popular cards any where they have established a major presence on and offline.

Wm2man · #4

From a European point it's a smart idea

Affman · #5

Wm2man wrote: ↑
February 11th, 2026, 7:32 am
From a European point it's a smart idea

Wait until Trump says you can not try put Visa and Matsercard out of the limelight, how much you want to bet he'll put sanctions on those countries

Ricks-Cams · #6

Affman wrote: ↑
February 12th, 2026, 8:58 am

Wm2man wrote: ↑
February 11th, 2026, 7:32 am
From a European point it's a smart idea

Wait until Trump says you can not try put Visa and Matsercard out of the limelight, how much you want to bet he'll put sanctions on those countries

You may be joking but never put anything past him

vblogger · #7

More payment cards = more potential for sales

GRXlinks · #8

Good luck getting people to stop using their Visa and Mastercards with some new plastic card.

calista · #9

Will it be exclusive to European residents or can anyone get the new card?

Kosta · #10

Is Apple Pay popular at stores in Europe?

jag · #11

Kosta wrote: ↑
February 23rd, 2026, 9:29 am
Is Apple Pay popular at stores in Europe?

Sure it is hon

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