Speaking on The Pat Kenny Show, Lagarde underscored Europe’s dependence on foreign digital payment infrastructure. “Visa, MasterCard, PayPal and Alipay are all controlled by American or Chinese companies,” she noted, arguing, “We should make sure there is a European offer.”
No. MBway is the Venmo equivalent, Multibanco is the Visa rival
I’m really confused. I thought multibanco was just what we called the atm! Even went to my wallet to check my banco ctt card. Can ELI5 it to me?
Well, it’s also the protocol! If your card has this symbol, it means it has that payment processor! Due to some weird language mixups it is both the atm and the protocol! Managed by SIBS, an interbank organisation
Thanks, this is news to me!
The commonly shared software by all ATMs in Portugal is very cool too though. Lots of additional features like charging your prepaid sim or even paying your taxes too.