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Event Brief

EU's Quest for Payment Independence from U.S.

Europe aims to establish WERO, its first instant payment system, to reduce reliance on Visa and Mastercard.
WHO: European Union
WHAT: Development of WERO payment system
WHEN: Mar 3, 2026 at 2:30 AM ET
WHERE: Europe
WHY: To gain payment autonomy from U.S. companies
Sources (1): Euronews

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