AFAIK, currently all debit cards are US-based. Mastercard - US based, VISA - US based. We used to have girocard in Germany, but it’s being phased out by most banks in favor of one of the US solutions. There used to be the EC system but as I understand it, it’s gone for a while now.
Do we currently have any card-based European payment solutions? How much money do we actually give to the US just for the luxury of being able to pay by card?
Is there a Google/Apple Pay alternative as well? Most people I know in EU hardly even go out with a wallet any longer.
Do these us solutions actually affect us as long as we’re only doing regular SEPA payments?
As far as I know, SEPA payments don’t go through networks like Visa and Mastercard (or CB), it’s a different system. Do you even need a card to pay by SEPA?
When you’re paying online you mostly just enter your account number.
It is called Wero and it’s coming.
I didn’t know it existed, thanks for the information. I have activated directly in bank app, it’s supported here in France :)
I’m hoping for it to not suck. My bank doesn’t yet support it, but probably will somentime in 2025. If the system works, I’d be happy to use it instead of my Visa/MasterCard accounts. We really need a good alternative to those and to PayPal.
Do we currently have any card-based European payment solutions?
Yes: Russia, a European country, has their own system
