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It's a possible but hardly compelling: Facebook: ~ 1 billion customers Visa: ~2 billion cards out there. Facebook: ? merchants. Visa: > 10 million merchants
by JackFr 14y ago
It's a possible but hardly compelling:
Facebook: ~ 1 billion customers
Visa: ~2 billion cards out there.
Facebook: ? merchants.
Visa: > 10 million merchants.
Facebook: potentially disruptive to the existing market
Visa: 50+ years experience with electronics payments processing, fraud detection, government relations and consumer credit marketing
Facebooks main competitive advantage is(was?) relatively cheap capital.
http://corporate.visa.com/_media/visa-fact-sheet.pdf http://corporate.visa.com/_media/visa-fact-sheet.pdf
Edit: Corrected years, added reference
- waterlesscloud 14y agoWho works for Visa that Facebook couldn't hire?
- rmc 14y agoFacebook don't have 1 billion customers. They have 1 billion users. If you don't pay for something (Facebook) you are not a customer, you are the product.