Ecommerce News and Headlines

EU Banking Chief Calls for Visa and Mastercard Alternatives

European Payments Initiative chief Martina Weimert warned that the Eurozone relies heavily on Visa and Mastercard, which handle roughly two‑thirds of card transactions. Thirteen EU members lack any domestic alternative, prompting calls for a cross‑border European network. EPI has launched the Wero wallet as a home‑grown rival to Apple Pay, targeting full online and in‑store coverage by 2027. The debate now also includes the digital euro, which some banks fear could overlap with private solutions.