Europe’s $24T breakup with Visa & Mastercard has begun. ECB’s Lagarde warns almost all EU card/mobile payments still run on non‑European rails, sending spending data outside the EU. Now EPI + EuroPA are launching Wero, a pan‑EU wallet for 130M users to pay cross‑border without US networks. A huge shift for payment sovereignty—and data privacy.

#payments #fintech #eu #wero #datasovereignty

europeanbusinessmagazine.com/b…

Europe's $24 Trillion Breakup With Visa and Mastercard

A 130-million-user payment system backed by 16 major banks just launched to challenge Visa/mastercard

^{EBM ADMIN Team (European Business Magazine)}