“The Evolution of Payment Methods: How Maestro’s Revolutionary Past Hindered Its Digital Future”

“Maestro was launched in 1991 and was quite revolutionary at the time because the card enabled secure payments in various European countries. It became the best payment method for consumers, including when travelling,” says Dewaerheijd.

“But Maestro was developed for physical stores and is not designed for the digital age,” he adds. “The card was not accepted everywhere online, and if it was you had to enter a verification code that was not on the card, so the transaction ultimately fell through.”