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European payments groups join forces in challenge to US

Updated / Thursday, 1 Oct 2026 12:15 Getty European payment groups serving 130 million people, including Spain's Bizum, are joining forces to create a cross-border payments network European payment groups serving 130 million people, including Spain's Bizum, Italy's Bancomat and Brussels-based Wero, said they were joining forces to create a cross-border payments network as Europe seeks to curb its dependence on Visa and Mastercard. The companies will form a new joint venture, the European Network...

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