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    L’Europa può svezzarsi da aziende di carte di credito statunitensi?

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    1. p_pio on

      Specifically ‘credit’, sure, Europe is mostly debit card anyway, and post-covid there’s further shift away /s

      Consumer wise there probably won’t be problem: brand loyalty won’t be problem.

      Provider wise it’s probly bit more complicated. App payments providers function in the EU, but markets are too fragmented. E.g. BLIK, which dominate Polish market is capable of international transfers only due to deal with Mastercard. To get into Slovakian and Romanian market they had to go through additional procedure, that they just finished.

      There’s also matter of physical cards. There are e.g. German girocard are co-badged by… Visa and Mastercard to be usable in Europe.

      And that’s the gist of it: internal EU barriers created situation that even when payment method is developed, to get to new markets cheapest option is partnership with Americans.

      That being said success of internal methods shows that achievieng successful change might be actually easy if regulators will be willing and banking sector will be pushed to do it. Still it would take probably 5-10 years to become common. Which actually is quite fast when you think about it.

    2. SuperSector973 on

      Tech wise it’s doable and personally I don’t care. I use the card my bank gives me.

    4. riscos3 on

      Creditcards, yes. Just force hotels to accept debit or electronic payment when booking. Most people could switch over night as that ia thd only thing most europeans use it for.

    5. Rhoderick on

      Surely, this is the time EC cards expand across the continent! s?

    6. mrtn17 on

      I havent had a credit card for 25 years, so it’s not a huge problem to *not* have a debt.

    7. Vannnnah on

      I’ll ditch my credit card the moment international online stores, travel agencies, transport providers etc. accept something else. If that’s an EU card I’m in.

    9. Skaftetryne77 on

      This shouldn’t be a too big issue. The infrastructure is there, all we need is a common provider of payment gateways to link the countries together.

      The real issue is business-wise:
      – cost of transactions
      – change cost of converting visa/mastercard/amex users
      – getting the big banks to create credit card programs attractive enough to retain customers in face of the competitors.

    10. Odd_Science5770 on

      Bitcoin offers the best alternative to the traditional payment system. No reason to invent a new MasterCard or Visa that will charge insane fees.

    11. Thaun_ on

      In Norway we use can use BankAxept but falls back to VISA/MasterCard (depending on the card) if the terminal doesn’t accept BankAxept.

    12. KnitterOfKnots on

      Russia seems to have transitioned pretty easily. The trick was that Russia had previously insisted that MC/Visa data processing be done within Russia. That bit of planning meant that when the sanctions began, CBR just took over the back end and the MC/Visa network continued to function until it was entirely replaced by Mir. Russia would have been screwed if the payment processing was off-shore.

      It’s just a matter of being willing to bear the cost of sovereignty by planning around the choke points. I think China is even stricter to retain control of a systemically crucial parts of the economy.

    13. Calixare on

      Bank cards are becoming archaic. More and more countries use the system of QR codes (co-handled by banks and central bank) or even digital currencies (directly managed by Central bank). We have 5G internet on every millimetre of space, no need to use a piece of plastic.

    14. oigescannell on

      Belgium have a bancontact system that’s very handy. It’s got a QR code system that’s easy to transfer money between users. I’d be more than happy to switch

    15. swiftie89-midnights on

      What if Europe creates a credit card for all the people around the world like the US

    16. Spaghetticator on

      do not mistake us having credit cards *for convenience* for the typical American dependence on them……

    17. awoo2 on

      I think some of this is caused by EU consumer protection rules regulating the fees that MasterCard and visa can charge, to 0.2-0.3%.
      This is great for consumers as fees are 1/10th other duristictions, but it discourages new companies.

      For reference the South Korean credit card fee market is worth as much as the market in the EU, with fees of 2-4%.

    18. Prostberg on

      Time for another french W : le Groupement des Cartes Bancaires (CB)

    19. Primary-Signal-3692 on

      Visa and MasterCard aren’t credit card firms, they’re payment networks.

    20. thatsnotmeithink on

      Wero is on its way

      https://en.m.wikipedia.org/wiki/Wero_(payment) the wiki is a bit outdated but will give you an idea

      They own giropay in DE, paylib in FR, Payconiq in BE and LU and iDeal in NL. With the goal of replacing all of them in the near future with one system for online P2P, P2B, B2B and B2P transactions

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