NYSE:VDiversified Financial
Can Visa (V) Hold Its Ground As Europe Pushes New Payment Rails?
Visa (NYSE:V) faces fresh scrutiny in Europe as the European Central Bank and regional policymakers advance efforts to reduce reliance on US card networks.
Moves around a potential digital euro and new European payment schemes are framed as steps toward greater payment sovereignty within the bloc.
Private European banks and processors are working on locally controlled networks that could offer alternatives to Visa rails for domestic and cross border payments.
These developments highlight a...