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A comment on Open Source Visa/Mastercard Competitor: Zenobia Pay.

Re:Open Source Visa/Mastercard Competitor: Zenobia Pay by bklw on Thursday August 14, 2025 @03:19AM (#44897657)
The fees are for fraud prevention and sanctions compliance. That stuff costs real money.
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Re:Open Source Visa/Mastercard Competitor: Zenobia Pay by JumpCrisscross on Thursday August 14, 2025 @03:40AM (#44897789)
> fees are for fraud prevention and sanctions compliance

Visa and Mastercard’s pre-tax income margins for the quarter ending on 30 June were 62% and 57% respectively [1][2]. That is $10bn a quarter in absent competition.

[1] https://finance.yahoo.com/quote/V/financials/ $6.33 on 10.2bn

[2] https://finance.yahoo.com/quote/MA/financials/ 4.67 on 8.13bn

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Re:Open Source Visa/Mastercard Competitor: Zenobia Pay by kennywinker on Thursday August 14, 2025 @03:38AM (#44897767)
Maybe. But the 39 billion in profits visa made last year suggests they make a fair bit more than that stuff costs.
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