Europe Breaks Ties with Visa and Mastercard The European Union has severed ties with payment giants Visa and Mastercard, citing concerns over their business practices.
This decision marks a significant move in the EU's quest for financial inclusivity and data sovereignty. What's Behind Europe's Break with Visa and Mastercard?
At the heart of this controversy lies a complex issue: the dominance of large payment processors, which has led to accusations of exploitation through exorbitant fees and opaque pricing models.