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Europe’s $24 Trillion Breakup With Visa and Mastercard Has Begun
(europeanbusinessmagazine.com)
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this post was submitted on 10 Feb 2026
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likely need some sort of floor for fees so it does not actually cost money but it could be fractions of a percent. To get us people they would really need to charge the same fees to vendors and then give practically it all back as cash back.
It could be a government owned corporation with a maximum fee structure determined by the EU Parliament.
The details need to be worked out but for sovereignty and power projection this feels like it has legs. And it would be a lot better than yet another privately owned processor.