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?
The EU does already have them under some control. They restrict MC/VISA transaction fees to like 0.3% - literally the day Brexit happened the fees went up to 1.5%. However that was all before covid, no idea what fees are everywhere now.
The EU does already have them under some control. They restrict MC/VISA transaction fees to like 0.3% - literally the day Brexit happened the fees went up to 1.5%. However that was all before covid, no idea what fees are everywhere now.
True. Still better to have leftover expenses be left in EU than to “export” them all to USA.