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# CEPA's Nolan urges EU to scale Pay by Bank against Visa and Mastercard
- URL: https://sovereigntymonitor.eu/news/2026-02-04-cepa-nolan-payment-giants/
- Published: 2026-02-04T12:00:00.000Z
- Updated: 2026-09-18T13:55:17.000Z
- Description: CEPA's Padraig Nolan argues Europe should build on existing Pay by Bank infrastructure, linking over 400 million accounts, rather than build new rails, noting Visa and Mastercard processed roughly 61 per cent of euro area card transactions in 2022.
- Author: Reidar Balstad
- Tags: Policy and law, #news, #verified, #opinion, #abroad, #ai-drafted

Verified Opinion Abroad AI-drafted [Center for European Policy Analysis (CEPA), 4 February 2026](https://cepa.org/article/europes-new-sovereignty-target-us-payment-giants/?ref=sovereigntymonitor.eu)

**What it does not test.** This does not establish that the EU has mandated, funded or scaled a Pay by Bank rollout.

**How this item counts.** No movement: no answer to who owns, who operates, whose law governs or who made the parts changes. Weight 0\. Opinion urges a payments sovereignty push; no EU mandate or funding decision recorded. [European Sovereignty Index](https://sovereigntymonitor.eu/sovereignty-index/)

**How this item was made.** Drafted by an AI system (Claude (Anthropic)) from the source cited above and published under the editor’s responsibility without a person reading it first. [How the record is made](https://sovereigntymonitor.eu/method/#how-the-record-is-made)