3 ms·
> It's still objectively a monoculture, as Amex and MasterCard are pretty rare on global scale, while visa is basically everywhere I can't think of any part of
by inkyoto 2y ago
> It's still objectively a monoculture, as Amex and MasterCard are pretty rare on global scale, while visa is basically everywhere
I can't think of any part of the world I know of where only Visa cards are accepted in 2024 and not MasterCard. AMEX requires a separate contract agreement for the merchant hence why it is not bundled by default, but all acquirers offer Visa/MasterCard as one package. Visa and Mastercard have been a duopoly for far too long to differentiate between the two at the consumer level, and it just doesn't make any financial sense for a financial institution to miss out on interchange and card fees by accepting only one card type and not the other of the two.
- ffsm8 2y agoI was only thinking about how widespread the card type is. You're absolutely right from the acquiring perspective, MasterCard is basically free to support with the same network as VISA
- inkyoto 2y agoI suppose local market specifics come into play, and for a reason unbeknownst to me, most domestic debit cards where I live are MasterCard branded.
- ffsm8 2y agoYour username makes me think you're from Japan (in Kyoto), but your comment history puts you more towards USA. Are you a fellow payment industry dev? well, maybe not fellow anymore, as I left that industry roughly 3 yrs ago ( θ ‿ θ ) As far as I'm aware, Europe, India and the "western" asian countries (Japan, Korea) has a quasi monopoly with visa, but my only industry experience is in the DACH region of Europe. Our numbers were something around 80% visa