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flag EU leaders push for reduced reliance on U.S. payment systems due to geopolitical risks, citing delayed digital euro rollout and growing tech sovereignty efforts.

flag European banking leaders are urging the EU to reduce dependence on U.S. payment systems like Visa and Mastercard, warning of geopolitical risks amid rising tensions. flag Martina Weimert, CEO of the European Payments Initiative, stressed the lack of a cross-border payment solution despite national alternatives and raised concerns that the digital euro, set for 2029, may arrive too late. flag The EPI's Wero platform now has 48.5 million users in France, Germany, and Belgium. flag In response to U.S. tech dominance, France plans to replace Zoom and Teams with domestic tools, Germany is expanding use of European software, and the EU has fined U.S. tech firms over antitrust and data issues, prompting threats of tariffs from former President Trump.

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