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

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Expected to be operational in 2022.

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