> So you move the power from two American companies (Visa and Mastercard) to two American companies (Apple and Google)? What's that supposed to solve?

Unsure what you mean, but for context I use an app developed by a consortium of local banks and it works by scanning a QR code. Indeed, I use an Android phone but my next one will be a de-googled one like a Fairphone with /e/OS. Hopefully the same app will work there...

> Hopefully the same app will work there...

That's the problem: currently many of those banking apps in the EU require having a phone with Google Play services and other "security" stuff that makes you reliant on American companies, like the post you're replying to claims.