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Europe’s $24 Trillion Breakup With Visa and Mastercard Has Begun
(europeanbusinessmagazine.com)
this post was submitted on 10 Feb 2026
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I'm all for a European system like this, but the only downside I currently see is that using Wero wouldn't provide any protection in the same way that a credit card does, unless I missed that on the Wero website.
Give me the consumer protection of a credit card and I'll sign up to Wero or whoever!
Does Visa/Mastercard actually offer any protection themselves? When I've had to reverse debit card transactions due to fraud or otherwise, I always just called/reached out to my bank and they did it. I never communicated with Visa/MC. Since this system is pretty much SEPA in a trench coat, I'm pretty sure the same would work here.
That's a very good point - it isn't Mastercard or Visa involved in the card protection. Thank you!
So I guess I'm actually saying: if Wemo offer credit, then count me in!