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FWIW, Visa and MasterCard have a pretty substantial market share in europe as well (in most EU countries, I think it would be fair to call it a duopoly). I'm no
by jamesrr39 6y ago
FWIW, Visa and MasterCard have a pretty substantial market share in europe as well (in most EU countries, I think it would be fair to call it a duopoly). I'm not sure why europe switched to chip and pin so much earlier than the US, my guess would be on regulation though.
- Rafert 6y agoAccording to https://www.ecb.europa.eu/press/pr/date/2012/html/pr120725_1.en.html https://www.ecb.europa.eu/press/pr/date/2012/html/pr120725_1... it was part of the SEPA migration but as a customer I remember quite a lot of card skimming happening too at the time, and banks accelerating EMV rollout to stop that.