The Monopoly Of Visa And Mastercard In Payment Processing

The Visa and Mastercard monopoly in payment processing presents significant challenges for merchants and consumers, including high swipe fees, anti-competitive practices, and negative impacts on small businesses. With control over 90% of the market, these fees are passed on to consumers, burdening those with limited incomes. Ongoing regulatory scrutiny aims to disrupt these practices and foster market competition...
By
Derek Abram
|
CEO of Prio
|
5 minutes
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