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!
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.
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’
I remember we had Switch and Solo, they also got merged into Mastercard (Maestro)…