Visa and Mastercard have created a near-unshakable duopoly in the global payments market, making it incredibly difficult for new players to compete. Their extensive networks connect banks, merchants, and consumers, giving them unparalleled influence in the industry. Critics claim this dominance enables them to negotiate exclusive agreements and potentially discourage direct competition. Regulators worldwide have taken notice, questioning whether their power stifles innovation, drives up fees, and limits consumer choice.
View this post on Instagram
