Debit card problems: Financial experts recommend introducing the digital euro.

Debit card problems: Financial experts recommend introducing the digital euro.

According to a report by www.pcwelt.de, the Federal Association of Consumer Organizations (vzbv) reports on problems with the new debit cards from Mastercard and Visa, which have become the new standard product at many banks. The acceptance problems in shops within Germany, abroad and in other establishments are causing dissatisfaction among consumers. The banks' insufficient communication regarding the range of functions and the false expectations that arise from the marketing of debit cards are also a point of criticism.

As a result, consumer advocates have called for the introduction of the digital euro to give consumers independent and reliable access to digital payments.

The acceptance problems with the new debit cards could have a significant impact on the market and consumers. On the one hand, consumer trust in banks' products could decline due to inadequate communication and disappointed expectations. Banks may face a decline in demand for these debit cards if consumers lack confidence in their functionality.

The call for the introduction of the digital euro could drive discussion about a European solution to digital payment options. This would potentially impact the currency and payment structure across Europe.

It remains to be seen how the banks will react to these problems and whether the demands of consumer advocates regarding the digital euro will be heard.