EU banks to take on Visa, Mastercard with new payments system

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EU banks to take on Visa, Mastercard with new payments system

Expected to be operational in 2022.

Sixteen banks from Germany, France and three other euro zone countries on Thursday said a "truly European" payments system was expected to be up and running in 2022 to fully digitalise a region where half of all retail payments are still in cash. European Union policymakers and central bankers ...

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