Europe@feddit.orgEnglish • 7 days ago

Can Europe wean itself off US credit card firms?

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Can Europe wean itself off US credit card firms?

Europe@feddit.orgEnglish • 7 days ago

Can Europe wean itself off US credit card firms? – DW – 05/02/2025

Visa, Mastercard, and PayPal dominate the cashless payments landscape in the EU and the European Central Bank warns about the region's reliance on US payment giants. But what alternative does Europe have?

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@GregorGizeh@lemmy.zip
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5•6 days ago
My Sparkasse is pushing WERO, which is supposedly a European PayPal substitute.
- @Noja@sopuli.xyz
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  5•6 days ago
  WERO is already set up to fail because it’s app only.
  - Richie Rich
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    2•6 days ago
    Yes, it will fail, but because not every bank is offering it to their customers. There are only a few banks supporting it which is a shame.

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