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Not sure I understand, what has the EU done to encourage a credit card monopoly? That there's basically a world wide Visa/MC duopoly isn't something the EU has
by nickserv 2y ago
Not sure I understand, what has the EU done to encourage a credit card monopoly? That there's basically a world wide Visa/MC duopoly isn't something the EU has actively encouraged as far as I know, only regulated as you mentioned.
For banking transfers there's SEPA so assuming a similar system could be set up for credit cards.
- Jensson 2y ago> what has the EU done to encourage a credit card monopoly I didn't say they encouraged it, just that they didn't end it but instead added laws to cap the fees.