EU card takes on Visa-MasterCard duopoly

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EU card takes on Visa-MasterCard duopoly

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07-17-2009, 03:47 PM

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EU card takes on Visa-MasterCard duopoly

A new EU-wide payments card is set to take on the duopoly of MasterCard and Visa.Currently at concept stage, and expected to launch in October, the card will simplify credit and debit payments within the Single Euro Payments Area (SEPA).Payments on the card will not be charged cross-border fees.French and German banks, including Deutsche Bank, [...]

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