Europe builds its own payments system to challenge Visa and Mastercard
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US credit card companies Visa and Mastercard have hundreds of millions of users in the European Union. But as European governments rethink their dependence on an unpredictable ally, some banks are trying to challenge the dominance of American operators. Al Jazeera’s Rosie Birchard is in Brussels with more on Europe’s push for payment sovereignty. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on X: https://X.com/AJEnglish Find us on Facebook: https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ Download AJE Mobile App: https://aje.news/AJEMobile #EuropeanPayments #Visa #Mastercard #PaymentSovereignty #DigitalEuro #EU #Brussels #Europe #ECB #EuropeanSovereignty #Payments #AlJazeeraEnglish
Tags: Business and Economy, Christine Lagarde, ECB, EPI, EU, EU card payments, EU financial independence, EU payment sovereignty, Europe, Europe payment sovereignty, Europe payments system, European Payments Initiative, European Union, European banks, Mastercard, Payment Sovereignty, US tech dependence, US technology dependence, Visa, Visa Mastercard alternative
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