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1. Venmo is part of PayPal, and can use visa, but they don't need it. 2. Same with square and Mastercard. 3. No, there's plenty more ways to pay across the wo
by vineyardmike 5y ago
1. Venmo is part of PayPal, and can use visa, but they don't need it.
2. Same with square and Mastercard.
3. No, there's plenty more ways to pay across the world, eg.: https://bam.kalzumeus.com/archive/payments-in-japan/ https://bam.kalzumeus.com/archive/payments-in-japan/ or another comment mentioning Indian UPI.
4. My argument is that there are more, and further that fintech was helping proliferate options, including the possibility that new processors spread. Eg. Apple Pay could be its own processor instead of falling back on just card networks, just as square+cashapp started doing.