I am all for competition. But only till companies reach a certain size. It is ridiculous to let private companies like Mastercard and Visa collect a percentage

I am all for competition. But only till companies reach a certain size. It is ridiculous to let private companies like Mastercard and Visa collect a percentage of every single electronic transaction. We have had a government-run payments network[1] in India for a long time that all banks hook into and it works very well. [1] https://en.wikipedia.org/wiki/National_Payments_Corporation_of_India https://en.wikipedia.org/wiki/National_Payments_Corporation_...