Europe's $24T Breakup with Visa and Mastercard Has Begun
europeanbusinessmagazine.com
Europe's $24T Breakup with Visa and Mastercard Has Begun
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Re: Europe's $24T Breakup with Visa and Mastercard Has Begun
#2Nothing in France takes Discover, and my bank decided to go with Discover about 6 months ago. "Great" decision, thanks.
Re: Europe's $24T Breakup with Visa and Mastercard Has Begun
#3Nothing in France takes Discover, and my bank decided to go with Discover about 6 months ago. "Great" decision, thanks.
Yeah, really dumb move on the part of Chase bank. They'd previously marketed their accounts as being geared towards international travelers, but now their cards can't be used in much of the world.
Re: Europe's $24T Breakup with Visa and Mastercard Has Begun
#4Nothing in France takes Discover, and my bank decided to go with Discover about 6 months ago. "Great" decision, thanks.
Yeah, really dumb move on the part of Chase bank. They'd previously marketed their accounts as being geared towards international travelers, but now their cards can't be used in much of the world.
Capital One just switched too.
Re: Europe's $24T Breakup with Visa and Mastercard Has Begun
#5So Wero is not a credit card, but something more like Venmo? How is it supposed to replace Visa and Mastercard?
Re: Europe's $24T Breakup with Visa and Mastercard Has Begun
#6[deleted]
Re: Europe's $24T Breakup with Visa and Mastercard Has Begun
#7Most, if not all countries have their own domestic payment systems. This is about cross-border payments within the EU.
“Breakup” seems a bit exaggerated considering the % of payment volume which might switch to the new system.
Re: Europe's $24T Breakup with Visa and Mastercard Has Begun
#8I always find it entertaining to hear people try to argue that what these companies do is soooooo difficult and that's why they're valuable. It's just multiple computers keeping a balance. It's not complicated.
No, these companies keep themselves in power not because they've solved such a difficult problem that nobody else can, but because they have a moat which they protect.
Time to do away with these foreign entities.
Re: Europe's $24T Breakup with Visa and Mastercard Has Begun
#9> National pride and competing banking interests repeatedly sabotaged attempts at unification.
That's exactly the problem. Several actors have won the market of their country, but only of their country.
Will Trump be enough to make the europeans realize that they need to work together, and that an italian win is just as good as a german win?
Re: Europe's $24T Breakup with Visa and Mastercard Has Begun
#10Nothing in France takes Discover, and my bank decided to go with Discover about 6 months ago. "Great" decision, thanks.
Yeah, really dumb move on the part of Chase bank. They'd previously marketed their accounts as being geared towards international travelers, but now their cards can't be used in much of the world.
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