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Banks are already working together in a lot of fields. Before it's IPO, Mastercard was owned by 25k+ banks; Visa is still owned by 21k+ banks; SWIFT, the netwo
by wut42 11y ago
Banks are already working together in a lot of fields.
Before it's IPO, Mastercard was owned by 25k+ banks; Visa is still owned by 21k+ banks; SWIFT, the network behind transactions, is owned by banks too. That's just three examples I know but i'm sure you can find a lot of them.
- weavie 11y agoWhat do you mean by 25k+ banks? There were 25,000 different banks that owned Mastercard? Or is a 25k+ bank a particular type of bank.. Not come across that term before.
- sah2ed 11y ago"Prior to its initial public offering, MasterCard Worldwide was a cooperative owned by the 25,000+ financial institutions that issue its branded cards." [1] [1] https://en.wikipedia.org/wiki/MasterCard https://en.wikipedia.org/wiki/MasterCard