News for hackers. Stuff that matters.

A comment on Visa and Mastercard: The global payment duopoly (2024). Parent comment

Re:Visa and Mastercard: The global payment duopoly (2024) by throwaway473825 on Friday July 25, 2025 @03:20AM (#44680523)
That's a commercial service backed by some European banks. It's not at all comparable with a non-profit service like Brazil's Pix.

The closest EU equivalent would probably be the planned digital euro, but the banks are fighting tooth and nail to prevent that.

[ Parent | on HN ]
Re:Visa and Mastercard: The global payment duopoly (2024) by ta12653421 on Friday July 25, 2025 @07:01AM (#44681812)
Not only that - ECB, EU Comission / Council also supporting it.

Though, most of the shares belong to major EU banks, yes.

[ Parent | on HN ]