A lot of European countries have their own debit card networks. Germany has GiroCard, Italy has PagoBancomat and so on. The problem is that those are national systems that stop working once you cross a border. Most cards are therefore cobadged with Visa or MC as a fallback system.
What’s needed to get rid of the cobadging (at least within the EU) is some kind of translation layer to bring the existing European systems together.
I’m European, I technically have a MC credit card which I’ll use on the rare occasions I need a credit card, but the vast majority of the time it’s debit card or direct transfers (what they’re now calling wero).
Non American credit cards when
France has the national CB system, independent from American systems. https://en.wikipedia.org/wiki/CB_Bank_Card_Group
A lot of European countries have their own debit card networks. Germany has GiroCard, Italy has PagoBancomat and so on. The problem is that those are national systems that stop working once you cross a border. Most cards are therefore cobadged with Visa or MC as a fallback system.
What’s needed to get rid of the cobadging (at least within the EU) is some kind of translation layer to bring the existing European systems together.
I’m European, I technically have a MC credit card which I’ll use on the rare occasions I need a credit card, but the vast majority of the time it’s debit card or direct transfers (what they’re now calling wero).
Unfortunately Visa and Mastercard also own the payment network for debit cards in many countries in Europe.