European Sovereignty Monitor

Policy and law

CEPA's Nolan urges EU to scale Pay by Bank against Visa and Mastercard

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.

Verified Opinion Abroad AI-drafted Center for European Policy Analysis (CEPA), 4 February 2026

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

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

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