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Europe builds its own payment network, ditches Visa

Ellsworth Toohey
Feb 11, 2026
∙ Paid

Woman paying for gas fueling car with credit card (Magic Lens/shutterstock.com)

Thirteen European countries have formed an alliance called EuroPA to build a continent-wide payment system that routes around Visa and Mastercard — and the $24 trillion in annual transactions the two American companies currently handle, Cory Doctorow writes in Pluralistic.

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