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EU banks ready to break Visa/MasterCard duopoly

EU banks ready to break Visa/MasterCard duopoly

A group of 24 European banks planning to establish a rival card network to Visa and MasterCard have called on the European Commission to provide clarification over the level of multilateral interchange fees for the Single Euro Payments Area. Three years in the making, the Monnet banking consortium now comprises 24 banks from seven European [...]

The post EU banks ready to break Visa/MasterCard duopoly appeared first on Payments Cards & Mobile.

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