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European payments groups join forces to challenge US dominance

63 points · 92 comments · vrganj

  1. bilekas · · focus · HN ↗
    So many people commenting that seem to miss what this is. It's the merging of national systems to simply allow a second option. Meaning no influence oversize from the duopoly. See steam news with visa for an example of then throwing their weight.
    1. hdgvhicv · · focus · HN ↗
      Visit most major economies outside the west and you find non visa ways to pay. Alipay, PayNow, UPI, PayPay, Pix etc.
      1. bilekas · · focus · HN ↗
        Right, and now the EU will have a consolidated one. It's a clear great step!
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