Speaking on The Pat Kenny Show, Lagarde underscored Europe’s dependence on foreign digital payment infrastructure. “Visa, MasterCard, PayPal and Alipay are all controlled by American or Chinese companies,” she noted, arguing, “We should make sure there is a European offer.”
My main takeaway from the comments on this post is that basically all of Europe solved this a long time ago at the domestic level, but that international interoperability is lacking.
That’s the state of literally everything in Europe.
Hey now, we were able to standardize the curvature of cucumbers.
Standardise*
European spelling is superior to US spelling!
Maybe there was a more important need for it. ( ͡° ͜ʖ ͡°)
No, not all of Europe solved this. The payment systems they made are for internet payments with instant confirmation. Many European nations are still on the Visa Debit or Debit Mastercard systems for card payments. https://en.wikipedia.org/wiki/Maestro_(debit_card)
https://www.docs.pay.sibs.com/payment-methods/
Ideal, bizum, bancontact, cartes bancaires, Mbway are all euro based. I wonder why they are not interoperable.