I think it's more cost effective to start a new bank. But why would they. It's a lot of trouble, and being a bank gives you the right to lend in money from the

I think it's more cost effective to start a new bank. But why would they. It's a lot of trouble, and being a bank gives you the right to lend in money from the public. It's still possible to provide payment services without being a bank. I think they could more or less buy VISA and pay in cash, and that makes more sense if you want to make money on retail payments.