About damn time!
I never understood how such a foreign duopoly was able to be created in an industry we dominate in.
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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.
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.
Thats the British way!
I remember we had Switch and Solo, they also got merged into Mastercard (Maestro)…