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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.
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.
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.
The EPI's Wero platform now has 48.5 million users in France, Germany, and Belgium.
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.
Los líderes de la UE presionan para reducir la dependencia de los sistemas de pago estadounidenses debido a los riesgos geopolíticos, citando el retraso en el despliegue del euro digital y los crecientes esfuerzos de soberanía tecnológica.