1160
Europe’s $24 Trillion Breakup With Visa and Mastercard Has Begun
(europeanbusinessmagazine.com)
this post was submitted on 10 Feb 2026
1160 points (99.6% liked)
Technology
81078 readers
3906 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I read that there also are lots of concerns regarding privacy of data. It apparently collects lots of your data and interactions and shares it with third parties for publicity and so. And they're not transparent at all on this point.
What's the point of having a European app if it behaves worst than GAFAM?
Anyway, I don't know how much is rumour, how much is true. Does anybody have more information?
If it's onshore then it would be possible to regulate. If it's overseas then I imagine it would be harder to regulate without kicking visa and MC out of the EU and then we would need to start over anyway.
I can't imagine that they could be worst than the existing VISA and MasterCard duopoly.