European alternatives to Visa and Mastercard ‘urgently’ needed, says banking chief

Market Intelligence Analysis

AI-Powered
Why This Matters

The European banking chief has expressed the need for local alternatives to Visa and Mastercard, citing their dominance in Eurozone card transactions.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

US payment processing companies account for about two-thirds of card transactions in Eurozone

Continue Reading
Full article on Financial Times
Read Full Article
Original article published by Financial Times on February 9, 2026.
Analysis and insights provided by AnalystMarkets AI.