European Payments Initiative CEO says Trump fears are boosting its appeal [Yahoo! Finance]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: Yahoo! Finance
PARIS, March 26 (Reuters) - Fears that President Donald Trump's administration could limit Europe's access to U.S. payments infrastructure are boosting regional adoption of a competing ?European payment platform, the CEO of the European Payments Initiative (EPI) told Reuters. The Brussels-based company has developed Wero ?to serve as an alternative to Mastercard, Visa and Apple Pay, which now dominate in-store payments in Europe. Founded in 2020 by a group ?of 16 major European banks, including BNP Paribas and Deutsche Bank, and payments providers, it has since grown to 45 members, with fintechs Mollie, Worldpay, and N26 among the companies to have joined in recent months. EUROPEANS FEAR GETTING CUT OFF FROM US PAYMENTS SYSTEM EPI's CEO Martina Weimert said that there was a sense of urgency about reducing European ?dependence on U.S. firms. Asked in an ?interview if merchants were preparing for the possibility that the Trump administration could cut Europe off from its financ
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MA
Earnings
- 1/29/26 - Beat
MA
Sec Filings
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- MA's page on the SEC website