Can new technology break Mastercard and Visa's duopoly?
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2 Articles
Can new technology break Mastercard and Visa's duopoly?
Mastercard and Visa are the dominant global payment networks. Their systems allow you to tap your card to buy a coffee virtually anywhere in the world, and two seconds later you are walking away. It feels effortless, but behind that two-second transaction lies a complex global relay. Your bank confirms funds, the merchant's bank requests authorisation and fraud systems assess the risk.To most people, Mastercard (NYSE: MA) and Visa (NYSE: V) are …
Bizum Pay is one of the great additions to the personal finance ecosystem of Spain. The platform allows to pay from the mobile in physical shops easily and without needing a card or other virtual purses. It is true that its implementation is not yet massive, because for the moment it is limited to spot banks like Caja Rural and Sabadell. However, it can be the key to something even bigger: the European independence of US financial institutions l…
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