Can Europe be without Visa and Mastercard? – level 2
09-03-2026 15:00
Most people in Europe use Visa or Mastercard for card payments.
These are American companies, and EU leaders think this creates a problem because Europe depends on foreign systems for payments. They want a new European system.
Wero is a digital wallet made by European banks. It uses direct bank transfer instead of a card network. This can lower fees and keep payment data in Europe. Many people in Germany, France, and Belgium already use it.
Leaders say Europe needs more control over the payment system. They also want lower costs for shops and customers. They believe the payment system is important infrastructure and Europe should manage it.
Difficult words: payment (giving money to buy something), foreign (from another country), direct (straight, without anyone in the middle).
You can watch the original video in the Level 3 section.
How does Wero’s use of direct bank transfers lower fees and keep payment data in Europe?
LEARN 3000 WORDS with NEWS IN LEVELS
News in Levels is designed to teach you 3000 words in English. Please follow the instructions
below.
How to improve your English with News in Levels:
Test
- Do the test at Test Languages.
- Go to your level. Go to Level 1 if you know 1-1000 words. Go to Level 2 if you know 1000-2000 words. Go to Level 3 if you know 2000-3000 words.
Reading
- Read two news articles every day.
- Read the news articles from the day before and check if you remember all new words.
Listening
- Listen to the news from today and read the text at the same time.
- Listen to the news from today without reading the text.
Writing
- Answer the question under today’s news and write the answer in the comments.
Speaking
- Choose one person from our Conversation section.
- Talk with this person. You can answer questions from Speak in Levels.
Stock images by Depositphotos
