About damn time!
I never understood how such a foreign duopoly was able to be created in an industry we dominate in.
However, the UK is taking a less aggressive stance, with Visa and Mastercard working within the initiative. Both companies are part of the new funders group, giving them a stake and a say alongside a large number of banks.
Brilliant, let the american companies have a say.
Thats the British way!
Came to say the same thing. But then again I shouldnt be surprised, bankers and politicians seem to really struggle with concepts like ‘conflict of interest’
Probably just an unfortunate reality for companies that do big business together to work towards a third option. Hopefully it can at least lead to a third or 4th option depending what happens with the EU plans.
I remember we had Switch and Solo, they also got merged into Mastercard (Maestro)…