EU Banking Chief Calls for Visa and Mastercard Alternatives
u/TraditionalMango58 ·
Reddit — r/stocks
· February 11, 2026 at 01:45
· ⬆ 154 pts
· 💬 24 comments
| View on Reddit ↗
No analysis available.
Score154
Comments24
Upvote %94%
▶ Full Post Text
The European Payments Initiative (EPI) is pushing for alternatives to Visa and Mastercard, which handle nearly two-thirds of Eurozone card transactions. EPI's CEO Martina Weimert warns that Europe's heavy reliance on American payment companies poses strategic risks, especially as cash usage declines. The EPI launched Wero in 2024 as an alternative to Apple Pay, currently serving 48.5 million users in Belgium, France, and Germany, with plans to expand to online and in-store payments by 2027.
https://www.pymnts.com/news/international/europe/2026/eu-banking-chief-calls-for-visa-and-mastercard-alternatives/