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European banks decided to abandon Visa and MasterCard
It is reported by the French news Agency AFP, citing its own sources. Development name - PEPSI (Pan-European Payment System Initiative).

Working on PEPSI started in 2017 when the European Central Bank (ECB) is concerned with the independence payments in the EU.

The Agency clarifies that any financial institution has not yet confirmed that is the working group for the creation of such payment system. However, Agency sources insist that the work involved most of the French banks, German Deutsche Bank.

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