Can Europe wean itself off US credit card firms?

www.dw.com

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Can Europe wean itself off US credit card firms?

www.dw.com

Nemeski@lemm.ee to

Europe@feddit.orgEnglish · 1 month ago

cross-posted to:
[email protected]

Can Europe wean itself off US credit card firms? – DW – 05/03/2025

www.dw.com

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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1 month ago
My Sparkasse is pushing WERO, which is supposedly a European PayPal substitute.
- Noja@sopuli.xyz
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  1 month ago
  WERO is already set up to fail because it’s app only.
  - Richie Rich@lemmy.world
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    1 month 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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