Bankers in the United Kingdom intend to create a local alternative to Visa and Mastercard, due to concerns related to American payment systems.

The heads of banks in Great Britain have announced the organization of a meeting to explore the possibility of developing a British alternative to Visa and Mastercard payment systems, with a deadline by 2030. This initiative is motivated by concerns about possible disruptions to the functioning of American payment systems, especially in the context of international politics and the influence of Donald Trump. Bankers want to ensure a local solution that reduces dependence on American companies and provides a viable alternative for consumers and merchants in Great Britain.