The future of payment sovereignty lies in merchant acceptance

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The author argues that the key challenge for domestic account-based wallets and instant payment solutions expanding into in-person payments is shifting from user adoption to merchant acceptance. By September, Bizum was accepted at more than 1.6 million merchants in Spain, covering around 75% of payment terminals and serving more than 20 million users. The article notes that these domestic payment methods aim to coexist with international payment networks, offering consumers a local choice while retaining global acceptance and a familiar payment experience.