Central Banking

Eurozone banks pay heed to ECB’s debit card calls

credit-cards

European lenders are likely to establish a group later this year to create a debit-card system to challenge the dominance of US-based schemes.

The plans would please the European Central Bank, which has been pushing for a eurozone debit-card system to rival those of Visa and Mastercard, both of which are based in the US.

Hermann-Josef Lamberti, the chief operating officer at Deutsche Bank, said on Wednesday that the German lender would team up with Société Générale and BNP Paribas, two French ba

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