Europe must wean itself off global payment card schemes, ECB says
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BRUSSELS (Reuters) - A European Central Bank board member has said Europe must overcome its reliance on international payment providers - but that it is not the central bank's job to come to the rescue and crowd out private sector initiatives.More than two-thirds of non-cash payments are made with overseas cards as most competing European providers tend to be focused domestically or regionally, Benoit Coeure told a conference on Tuesday. He said this put the euro zone at a competitive..