Speaking on The Pat Kenny Show, Lagarde underscored Europe’s dependence on foreign digital payment infrastructure. “Visa, MasterCard, PayPal and Alipay are all controlled by American or Chinese companies,” she noted, arguing, “We should make sure there is a European offer.”
I did not know that and I think it’s wild that the largest economy in the world still operates on such prehistoric methods.
It’s not in the incumbent oligopoly’s interest to innovate.