Europe Is Building An Alternative To Visa
V And Mastercard
MA. This Time, It Might Work.
Last year the European Central Bank said that it welcomed an initiative by some of Europe’s top banks to explore the development of a “rival payment system” to challenge the dominance of Visa and Mastercard and the threat from Chinese and US Big Tech firms. This used to be known as the Pan-European Payment System Initiative (PEPSI) until the inevitable letter