Brazil's government-run payments system has become dominant

Re:Brazil's government-run payments system has become dominant by cosmaioan on Tuesday April 08, 2025 @08:45AM (#43621090)

It is interesting that I did no see in the comments the costs of using Mastercard & Visa as a reason for governments to find alternatives for their economies.

Both Visa and MC are US companies so there is where the profits go ....

From US Senate hearing : "This is classic, classic monopolistic behavior. Yet you're testimony...is you don't want any competition...I'm having a hard time finding that position defensible, let alone sympathetic...it's unbelievable the amount of money you're making."

Margin 50% ....

https://www.youtube.com/watch?v=ks3wP1nlg6U

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Re:Brazil's government-run payments system has become dominant by blackoil on Wednesday April 09, 2025 @02:16AM (#43629390)

I think more than cost; it is more a desire for sovereignty and also making everything trackable. As happened in Russia, US govt can block Mastercard/Visa from the country or can block a company like Huawei and local govt has no say in it.

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