Sector Regulation Sector Regulation

Comment: EU payments comfort letter shows Visa rivals’ uphill struggle

By Jack Schickler
  • 15 Dec 2021 09:19
  • 15 Dec 2021 09:19
EU banks hoping to offer their own rival to Visa and Mastercard have been set a tough challenge by the European Central Bank. 

Backing from EU regulators may prove crucial to an exercise that is seen as asserting the bloc’s sovereignty in payment services. But that support comes with strings attached, according to

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