While I largely agree with your points, your comparison to MC/Visa isn't sensible. The EU has limited the interchange fee to 0.2% for debit cards and 0.3% for c

While I largely agree with your points, your comparison to MC/Visa isn't sensible. The EU has limited the interchange fee to 0.2% for debit cards and 0.3% for credit cards, but that goes to the card issuing bank anyway. MC/Visa charge scheme fees which were not capped in such a way.