Cloud Act, Visa/Mastercard dependence, fragmentation: why Europe must take back control of its payment infrastructure.
More than two thirds of card payments in Europe run through networks controlled outside the Union. Every transaction depends on rules, pricing and jurisdictions over which Europeans have no say.
The American Cloud Act, which allows access to data hosted by players under US jurisdiction, illustrates the risk: payment sovereignty is not only an economic question, it is a question of data control and resilience.
Taking back control does not mean reinventing everything. SEPA already provides the foundation. What remains is to build, on top of it, European services, hosted in Europe, GDPR-compliant by design. That conviction guides every architectural decision at NexEuro.