The governor of the Central Bank of Sweden comments our payment systems.
Here’s an AI translation of the text into English:
“Given the geopolitical situation, it is important to create European systems in a number of areas. This is according to Riksbank Governor Erik Thedéen in an interview with Ekot’s Saturday program, where he emphasizes that Sweden’s payment systems should not be as dependent on the USA as they have been. As an example, he points out that the two dominant credit card issuers, Mastercard and Visa, are American. ‘It is probably wise to consider that we should also have European or Swedish systems that function in case the American ones do not,’ he says. According to the central bank governor, Swish is ‘a certain complement.’ He also highlights that other countries, such as Denmark, have their own national credit cards.”


I don’t understand how Visa has the influence and authority they do, you’re just moving numbers in a fucking computer how fucking hard could it be
Yeah, I guess it’s the inercia of having pretty much everything connected? They handle tons of transactions, tbf, although they wouldn’t have to if we had a more diverse ecosystem.
At least we’re talking more about this, it’s something.
It’s about having merchants with equipment that follows your standard