{
  "$type": "site.standard.document",
  "bskyPostRef": {
    "cid": "bafyreiezw2skgfriof7xavsc646vxn73aoq7xktvcxp3ddwwwdhnla32oa",
    "uri": "at://did:plc:73txmnzc4imhrv5q7azno3up/app.bsky.feed.post/3megxtom4j4t2"
  },
  "coverImage": {
    "$type": "blob",
    "ref": {
      "$link": "bafkreia466wj4fxzsta5i43z6al3hnkigxu7nh5lhzumgb6giqgu2thwky"
    },
    "mimeType": "image/jpeg",
    "size": 98791
  },
  "path": "/world/165779-eu-payment-sovereignty-visa-mastercard-dependence/",
  "publishedAt": "2026-02-09T14:57:00.000Z",
  "site": "https://english.pravda.ru",
  "tags": [
    "World"
  ],
  "textContent": "The European Union must rapidly reduce its dependence on American payment systems Visa and Mastercard and develop its own cross-border cashless payment solutions, according to Martina Weimert, chief executive of the European Payments Initiative.\nIn an interview with The Financial Times, Weimert highlighted Europe's technological and institutional reliance on external actors, stressing that the current market structure creates long-term risks for the region.\nStructural Dependence and Strategic Vulnerabilities\n\nVisa and Mastercard dominate card payments across the eurozone in a systemic manner. Available data shows that the two companies account for roughly two-thirds of all card transactions within the currency bloc.",
  "title": "Europe Warns of Dangerous Dependence on Visa and Mastercard"
}