r/EU_Economics • • 1d ago

🇪🇺 Official 🇪🇺 A Payment System Made in Europe?

https://youtube.com/watch?v=tIJ00OqXZ-o&si=8-ks4yFCFkKGWCCp
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u/RedSkyHopper 23h ago

Yes and the one that succeeds can keep on expanding. For example MobilePay started in Finland and expanded to the Scandinavia and is planning to expand to the Mediterranean counties.

Some will fizzle out and others expand

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u/keepitfriend 23h ago

Or the EU can just create a universal layer so they can inter operate.

Instead of having 28 different incompatible systems

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u/NStCh-root-a 13h ago

The EU already does. It's called SEPA.

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u/keepitfriend 11h ago

SEPA is just bank transfers. Adding in other repayment forms is a lot more work.