Why Visa and Mastercard have yet to face their Kodak moment(ft.com)
ft.com
Why Visa and Mastercard have yet to face their Kodak moment
https://www.ft.com/content/562559e2-1f17-47f7-92e6-57766c9900b0
3 comments
suprisingly india with its "UPI infrastructure" has mastercard/visa/paypal in a bind and very anxious because you suddenly do not require "a massive infrastructure to maintain the financial network and requires 2% cut".
at the scale of india's daily transactions, 2% is a lot.
at the scale of india's daily transactions, 2% is a lot.
Just like Kodak didn't see disaster coming, Visa and Mastercard also think they are invulnerable.