A group of 20 European banks are working together on “setting up a pan-European payment system to challenge the dominance of Visa, Mastercard and technology companies such as Google and PayPal,” French news agency AFP reports. “The Pan European Payment System Initiative (PEPSI) would handle all forms of cashless transactions,” AFP was told. The idea […]

Read the rest of EU banks plot pan-European rival to Visa and Mastercard at NFCW.