I think the parent is right. The EU has limited the interchange fee for credit cards (like Visa and MasterCard where the scheme and merchant bank are separate e

I think the parent is right. The EU has limited the interchange fee for credit cards (like Visa and MasterCard where the scheme and merchant bank are separate entities) to 0.3%. They did not make a statement about whether we like cashless or even contactless payments, just that the associated fees are limited, which makes rewards programs essentially infeasible.