It is a problem of competition. https://www.justice.gov/archives/opa/pr/justice-department-sues-visa-monopolizing-debit-markets https://www.justice.gov/archive

It is a problem of competition. https://www.justice.gov/archives/opa/pr/justice-department-sues-visa-monopolizing-debit-markets https://www.justice.gov/archives/opa/pr/justice-department-s... Go to Malaysia, Singapore, Thailand, Japan, Taiwan and see that there are 20-30 payment systems at every convenience store, electronics store, grocery store, etc... Then go to the US where there's effectively 2. The government claims this is because Visa and Mastercard have prevented competition.