Financial Services Financial Services

Comment: EU banks' payment initiative faces uphill struggle

By Jack Schickler
  • 03 Aug 2020 07:42
  • 03 Aug 2020 07:42
An EU banking network intended to compete Visa and Mastercard faces an uphill struggle, with major countries such as Italy pulling out citing fears over its ambition, scope and business case. 
The European Payments Initiative — announced on July 2 (see case file here) after months of rumors — met with applause from

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