1387
Europe’s $24 Trillion Breakup With Visa and Mastercard Has Begun
(europeanbusinessmagazine.com)
Canada next please.
this post was submitted on 10 Feb 2026
1387 points (99.8% liked)
Technology
83295 readers
3723 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
We already have Interac, a good homegrown solution. I'm sure it wouldn't be that hard for banks to piggyback on it to make credit transactions rather than debit.
load more comments
(3 replies)
Have you guys heard about the player's club card?
Who loves ya, baby?
load more comments
(2 replies)
How to make this competitive vs. current, American owned networks?
Put a microtax in every financial transaction going out of the EU.
Is there any way to use wero without handing out my mobile phone number to everyone? I'd prefer handing over IBAN or some alias over phone number.
Wero is basically just SEPA real time transactions under the hood, so you can just use your bank app to transfer via IBAN.
that means it's almost useless then, because SEPA offers absolutely zero fraud protection. Once you sent the money, it's impossible to get it back even if you contact the bank 1 second later.
Exception: some hacker did some social engineering and posing as the ministry of defense, persuaded one of the richest men in italy to send him a bribe via SEPA. In that case the banks were able to reverse it one week after. Normal people instead gets only a FUCK YOU.
Europe’s $24 Trillion
Great, now nobody knows how much that is (other than a lot).