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EU officials urge reducing reliance on U.S. payment networks for security, cost, and sovereignty.
European Union banking officials are urging the bloc to reduce reliance on U.S.-based payment networks Visa and Mastercard, citing concerns over data security, transaction costs, and geopolitical risks.
The call comes as the EU pushes to strengthen its digital infrastructure and build a more independent financial system.
Officials highlight the need for a robust, homegrown alternative to ensure resilience and sovereignty in cross-border payments.
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Los funcionarios de la UE instan a reducir la dependencia de las redes de pago de los Estados Unidos por seguridad, costo y soberanía.