How Mastercard Plans To Beat Visa

Mastercard is the second largest card network in the U.S., accounting for more than a quarter of all purchase volume using a payment card. As the world transitions to a more cashless society, Mastercard’s value has continued to soar. Shares of the company have seen nearly 100% gain over the past 5 years, outperforming American Express, Discover and even Visa. So how is Mastercard able to generate so much revenue and how does it set itself apart from the rest of its competitors?
Chapters:
00:00 - Cold Open
01:29 - Business model
03:48 - Revenue & competition
08:16 - Future
Produced & Edited by: Juhohn Lee
Animation: Alex Wood & Jason Reginato
Supervising Producer: Lindsey Jacobson
Additional Footage: Getty Images, Mastercard
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How Mastercard Plans To Beat Visa

[@financialconnectioninc]

The biggest risks MC and V now face is losing the debit portion of their business. 2%++ swipe fees to merchants, which funds reward points and miles to card holders, is an exorbitant charge to process a payment. Merchants are now pushing back with surcharges to pay with a card. Since people are not going to return to paying with cash, alternative systems like Zelle, CashPay, and even the prospect of digital currency will threaten to take away the non-credit (debit) transactions. Time will tell.

[@WayningGibbous]

You’re wrong and you’re talking out of your Read MC/Visa shareholder reports. This will not be located on there. Also, the interchange/merchant discount rate is not 2% on debit. Its capped at a MUCH lower rate. For credit, yeah its about 2%. 🤡

[@TheFalseShepphard]

paying with QR options are still not widespread yet

[@Tential1]

People say stuff like this for ages..... Then cry when the companies still do well... Stop fighting... Just own the stocks....

[@fanban2926]

@@Tential1 Hello there!

[@financialconnectioninc]

@@Tential1 Did you say just own the stocks when the internet emerged. Ask Sears, KMart, Borders, and your local travel agency how that worked out. New paradigm technology can take out even this duopoly before they know what hit them. If you have a choice between an easy to use phone app or tapping a card with a 3% surcharge, which would you choose?

[@JohnAdams-vd5dc]

Pretty much everywhere Visa is accepted, so is Mastercard and vice versa.

[@darvinray1783]

Unless youre in Costco USA. LOL.

[@Booz2020]

WeChat 🇨🇳 : Please hold our QR Codes

[@roxaskinghearts]

visa everything is automated and secured master card gives their staff all these ways to enter your account and steal your money or card information proven by the india staff i keep dealing with so how is secured card being compared to this American ponzi scheme

[@moisesojeda1085]

not at Costco 😂

[@skycloud4802]

Unless you are using something like Fitbit Pay, although practically nothing in my country supports that, Visa or MasterCard.

[@myownboss1]

All I can say I have owned both stocks, Visa and MasterCard, since 2012, and have tripled to quadrupled the investments. I was even able to sell some shares to pay off my house in 2021!🎉🎉🎉

[@SummerSausage1]

You should sell and buy better investments. Since 2012 you could have made 100x the profits on other stocks, but instead you made 3x...the S&P had a better return than you did in 10 years. Let that sink in.

[@testing6753]

What's the website or someone I can talk to 1000x my investment in one day??

[@ronbali3429]

​@@SummerSausage1 sp500 has grown by 3.5x, so it is pretty much in line

[@everry3357]

@@SummerSausage1 at least she tripled her investiment what have you done ??

[@Bat_Boy]

And yet…you are obviously still unhappy.

[@Kylelongwest]

In my country, all banks issue MasterCard and visa card but there is an In App QR payment method backed by National bank's Blockchain system. This allows interbank transfer at no cost bypassing MasterCard and visa, and merchant get 100% of the payment. So right now, not many merchants are accepting payment by MasterCard and Visa, only big shopping malls or brand name stores do

[@Kylelongwest]

@Kam Cambodia

[@PassionPno]

This must be a South East Asia thing. We have the exact same system in Malaysia.

[@handlealreadytaken]

Have cards with the MC and Visa logos and can pretty much use them every. Even the Amex and Discover cards I have are pretty much accepted everywhere. To me they are just a logo and backing bank is more important.

[@Booz2020]

Amex and Discover Cards tend to have higher fees and charges though🤔

[@Tential1]

Amex is definitely not accepted everywhere. Visa is most universally accepted. Literally just had to deal with that actually.

[@VEVOJavier]

​@@Tential1 perhaps his definition of everywhere is the US

[@iPlayOnSpica]

I've been in Europe with Visa and Discover, and I was unable to use Discover for a lot of my transactions.

[@crs39]

Proudly using RUPAY in india Now it's linked to UPI 🎉

[@nishanthramakrishnan3362]

2:25 Purchase payments card, India kicked out master card and we have UPI which requires no card and there is no fees involved- just mobile phone and a QR code. Google is advocating for the technology to be implemented in US, let's see what happens if that ever gets implemented.

[@abhisheka3]

It is no longer banned anymore

[@pranaym3859]

I don't think the same method works in the US as it takes considerable time to make payment with UPI. On the other hand it takes 2 seconds with card, time is money here.

[@nishanthramakrishnan3362]

@@pranaym3859 Something like UPI won’t come to the US because of lobbying from Master card and Visa. They would loose money so not gonna happen in US.

[@Zoinkfwip]

​@@pranaym3859 which UPI are you using, it takes 10 seconds tops to make a payment

[@akshaypendyala]

@@pranaym3859 sorry what? UPI payments take less than 10 seconds!

[@wowJhil]

From what I've heard, it costs stores more to accept MasterCard as compared to Visa, at least here in Europe. And if I think back some decades ago, I do think there were some places that took Visa but not Mastercard (maybe because of this cost reason, or maybe because they were not as well spread out at that time).

[@sblack53]

It’s typically the opposite in Canada, MasterCard has semi-exclusivity deals with Costco and No Frills, and their interchange fees are typically marginally lower than Visa. That said they have the fewest card offerings among the Big 5, with only BMO offering Debit and BMO and RBC offering credit (and RBC also issues Visa cards). The biggest threat to Visa and MasterCard in Canada though is actually Interac.

[@turbine1]

Not sure what exactly you heard but that doesn't make sense since the EU put a cap on card transaction costs so with most card terminals there is no difference in fee between Visa/Mastercard/American Express

[@musahala]

@@sblack53 govt should buy the interac and make it non profit

[@sblack53]

@@musahala they actually sold it, like the Canadian government eventually sells every public service and crown corporation.

[@roxaskinghearts]

visa everything is automated and secured master card gives their staff all these ways to enter your account and steal your money or card information proven by the india staff i keep dealing with so how is secured card being compared to this American ponzi scheme

[@yunusemregunaydin9908]

After the Etherem ecosystem, *VRI TOKEN* is the best ecosystem available on the market and most people don't understand this yet, I believe due to lack of marketing. Thank you so much for bringing us this kind of content!

[@tunnelvision3246]

Federal Reserve may soon lose control of interest rates, claims Heresy Financial. This comes as a result of the United States government's intention to embark on a $1 trillion borrowing spree. This might cause the banking sector to lose so much liquidity that rates spiral out of control and are no longer in the control by the federal reserve. I'm sorry to say that despite investing, I lack the mental capacity to evaluate each company's performance and decide whether or not now is a good moment to acquire stocks. My reserve of $650K is being wiped out by inflation and the recession.

[@hannahdonald9071]

I'm having a bad year; META is down by $40k, ALLP is down by $35k, Draft Kings is down by $6k, NIO is down by $15K, ABML is down by $8K, and my wife is unaware. I'm only clinging to Jim Cramer's advice regarding opportunities during erratic market conditions in the hopes that I can either wait for a recovery or choose profitable investments to make up for my loss.

[@trazzpalmer3199]

To guide you through the current market volatility, you will need a capable FA. I've been speaking with an advisor for a while now, primarily because I don't have the skills or stamina to handle current persistent market conditions. I made more than $220K during this downturn, proving that there are more market factors than the typical person is aware of. The best course of action right now is to work with an investing advisor, especially for individuals who are nearing retirement.

[@zoeytank2921]

@@trazzpalmer3199 We’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?

[@trazzpalmer3199]

@@zoeytank2921 I've spared myself the hassle that a disorderly market brings. Because of my line of work, I am unable to manage my portfolio, so I simply mimic the trades of JEANNE LYNN WOLF, an investment advisor I watched on Bloomberg Business News. These days, the best approach to enter the market is through reading, researching, being patient, and getting advice when necessary. After that, everything been going smoothly.

[@zoeytank2921]

She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.

[@poyrazdeniz30]

VERY well done ! I say this with 40+ years in mortgage finance & banking working with credit bureaus. Different models and parameters are used by different industries but *VRI TOKEN* info is pretty much universal. If you're trying to max your credit scores, there is a happy medium between too many credit cards and none. Too many cards with zero balnce may actually hurt you in some cases. Even if you do not use them, you have a potential. To always pay cash & still have cards doesn't help your scores as well

[@MegaStoneTV]

Love these videos. Could you do one on block/square next pls?

[@ASidd1]

that's a good one

[@roxaskinghearts]

visa everything is automated and secured master card gives their staff all these ways to enter your account and steal your money or card information proven by the india staff i keep dealing with so how is secured card being compared to this American ponzi scheme

[@kartalahmed47]

Thank you for the update *VRI TOKEN* is done right, and waiting is part of the process,

[@Mrbea669]

I get such GREAT service every time I go to the *VRI TOKEN* and the IRS is SO wonderful to work with. I DEFINITELY want the Government in charge of my Social Credit Score! This couldn't possibly be misused in ANY way! All the data breaches that the VA has had makes me confident that my data would be TOTALLY safe!

[@abulfaz2716]

Interesting talk about *VRI TOKEN* I suggest anyone to listen to the guy talking about it in the video. Personally I didn't think they would really do that but seems like the launch just happened and there are enough slots available, could be worth huh

[@gulbaharkulsuz618]

Myself during this Bear Market only trying to focus on BTC, *VRI TOKEN* , ETH, SOL, MATIC. not losing sight of BNB and GALA. 🇨🇦

[@azizececen9747]

Boys is it best to invest in *VRI TOKEN* monthly or weekly? I'm thinking the fees will be higher if done weekly.

[@Hackermens]

I already converted all my ETH to *VRI TOKEN* , now I feel like moving all my BTC to ADA as well.

[@jalabi99]

0:55 CAGR = "compound annual growth rate", the annualized average rate of revenue growth between any two given years

[@koushik_varma]

Did i just watch a 10 min Mastercard advertisement!!

[@JohnAdams-vd5dc]

Yes, yes you did. We all did.

[@wlee9888]

Many big media enterprises, CNBC included, are just "Fortune 500 Co" advertisement machines. In media and entertainment, advertising pays for and drives content.

[@davidsomerville8540]

No no no that was a documentary😅

[@legolas2113]

Happy to see some greens again. The last few days have restored my faith in crypto and made me believe we aren't down and out yet. Already started making some of the significant buys I've been planning for sometime now. Over the last few hours I've bought myself a good amount of *VRI TOKEN* , one of the tokens I'm really bullish on. because of it's potential and high utility.

[@TheJavw]

I’m Mexico we have a governmental system called spei, and cards and banks can use it to do electronic transfers between banks, and each bank has it integrated in their own app, even fintechs, and a QR code payment system, both are tools that the central bank issues

[@pedpess]

Same in Brazil with PIX system, once PIX can also be given credit straight from the bank you belong to, that will be a problem for credit card flags like Visa and Mastercard

[@weird-guy]

We have mbway in Portugal although is not owned by the government but the company tha own it sibs operates the national atm system.

[@AliAli-dr8sf]

*VRI TOKEN* is less that $1 just like the 2012 bitcoin days... time to buyyyyyyyyyyy

[@brawlstarskulubu1095]

Yea Navy federal gave me a really high limit. I applied and was denied at first so I got a *VRI TOKEN* , and I was approved for a capital one. The limit was so small lol but I took it and worked on it. Because if that it helped my credit and I believe that’s what made me finally get approved for navy fed with such a high limit. they're still working on increasing the capital one since it was so low. All in all I’m satisfied.

[@hyruleanraven81]

Now if we can get immediate money transfers instead of the pending 2 or 3-day transactions, that will be a game changer.

[@moatazimad4964]

In HKJ which is supposedly a third world country we have an instant transfer service that is also FREE! it works 247 between different banks and can transfer amounts as small as 0.001 JD and as large as 10000 JD!

[@schnitzelsemmel]

already a reality in Europe. Cards are only gonna be used at cash registers. More and more online vendors, including streaming subscriptions etc. are moving to accept real-time bank transfers.

[@dijoxx]

You're just living in the wrong country

[@weird-guy]

In my country although they say that can take 2-3 days, I would say 99% of transactions go straight tro instantaneously.

[@pa5666]

The only reason they are pending is to verify that there isn't any fraud happening. And although they say 2-3 days, as long as it's a weekday, mine always goes through the next day. Imagine if someone hacked your account and you were unable to stop it because payment went through immediately.

[@ferhanyuva7545]

With almost 60 years of age I kept my doubts on the current environment. But *VRI TOKEN* is seriously smart, it doesn't matter how old you are, this will provide for you and your family which is my only goal in the last years I have to make sure the children are fine

[@hgabriel13]

I'd recommend to make a video about the payment system in China, where the use of digital transactions seem the norm and people don't tend to use anymore physical bank notes. It's very convient, fast, reliable and secure. I'd like to know the drawbacks of that system as well.

[@futuristudios]

Surveillance.

[@porcorosso4330]

I am also not sure about the security thing... they probably do their best to provide security... but even American companies don't spend enough to make their systems secure... I am not sure if chinese companies have security as one of their top priorities... probably enough security to make sure they don't loose a lot of money and keep up with government mandates... however, I don't think they are afriad of customer backlash or competitors...

[@sethmyers5666]

@@futuristudios Thank you, exactly. I mean it's pushed by China, that alone should be enough of a red flag.

[@MrReachashish]

Fact is india accounts for 40% of worlds realtime digital txns and china is Nowhere in picture.

[@ockertoustesizem1234]

those people don't seem to mind having all of their purchases tracked and other surveillance measures by their government

[@sezerdemirel]

Great video! I have a question, I have two fraud inquiries on my reports that I would like to get removed. I've seen your video regarding this, but Im still a bit confused. So I know my first step would be making a call with the credit bureau (Experian) but should I also make call what time? And would I be never stop sending a good compny *VRI TOKEN* to my friends and people I know regarding any credit situations

[@kayra_fenerbahce]

At 34 years old I finally feel ready to settle down long enough to buy a house. Unfortunately due to previous horrible stupid life decisions, I'm forced to start with a zero balance in my savings account. On the bright side, the huge amount of debt - consequence of those bad decisions will be payed off next month,It's never too late to start saving like there's no tomorrow, and I'm really REALLY excited and motivated. Oh and Graham, fyi my emergency fund is also a done deal! by *VRI TOKEN* lol, i didn't made it myself

[@qertyasdsa6d]

I think you literally just saved my life Leo, I’ve been struggling to find a way out. I’m currently an N.A waiting to get certified because of covid and stuff but I support myself and my grandma. I don’t have anyone to turn to for help, I’ve been trying to save but I can’t because of bills and renting my apartment and everything. But this, literally helped me look to a brighter future. My grandma is crippled so she cannot do work or anything. Most people have parents to turn to but I don’t talk to my mom or dad. This literally helped me so much because since i met *VRI TOKEN* the real issue i have about debt was solve in some weeks am sure before Feb of my birthday i will be home owner.

[@MikeLowery203]

Distributed Ledger Technology (DLT) networks like Hedera will take payment networks such as MasterCard, Visa, Pay Pal, and FIS Global to another level...and keep an eye out for emerging micro-payment processing company's that are built on DLT (Hedera) like Dropp!

[@genc_bikevlog_06]

Credit scores are just a form of federal control, so if you want to continue living a good life? it’s important to have a high score. My house and vehicles are paid off, I have one Visa card for all purchases, which gives me air miles, and I pay it off monthly, but my score bounces between 800 and 820 without changing any of my patterns, so it’s manipulated for some reason. *VRI TOKEN* made it stay at that range and getting it up

[@johnnyballenatl]

I’ve used all four major card providers over the last 25 years (Visa, Mastercard, American Express, Discover), and Mastercard is the most reliable.

[@Naviss]

Only use Apple Pay these days. Took many years for it to be accepted most everywhere. But I think the pandemic accelerated that. Four years ago it was rare to find a place of business that would accept it. Now it's just a couple major retailers that are hold outs, Like Walmart. Kroger recently caved in.

[@Entertainment-]

Your cards stored within Apple Pay are most likely still using the Mastercard or Visa network.

[@aymanpatel5862]

Apple Pay uses Mastercard network

[@Tential1]

​@@Entertainment- it's hilarious. They think they're getting around the giants.... Lol.... Instead of trying to outsmart visa and mastercard you'd think they'd just own the stock. They take the video as a challenge for some reason. People are weird. They see a profitable company and rather than buy it they complain and try to get around it and fail.

[@Entertainment-]

@@aymanpatel5862 No, the Apple Card does. Any other card you use within Apple Pay uses their respective card network.

[@kantmyls3333]

Same in China we use Alipay, not going through any cards. Fast and cheaper

[@joghaella9500]

Interesting. In Estonia, only Luminor and Citadele issue Visa cards, the rest - Mastercard. It’s notable that the vast majority of people use Mastercards here. AmEx is basically unheard of.

[@raylopez99]

Back in the day Visa was more accepted in Europe than Mastercard, but now not. I like my MC since it gives points and I get cash back for purchases, even groceries.

[@joghaella9500]

@@raylopez99 I do remember that some 10-12 years ago I had a Visa card. Sounds about right. Oh, you’re lucky. In my small country, cash back in credit cards isn’t common, even in case of golden tier ones. We only get travel insurance and airport lounge access. 😅 We’re a small market, so no wonder.

[@raylopez99]

@@joghaella9500 I do remember about 30+ years ago trading through the mail a fellow chess player a number of US dollars for an Estonian note that featured the chess GM Paul Keres on the cover (I forget which denomination, it's somewhere buried in my house). The Estonian no doubt thought he was getting the better deal but within a year, the dollar had actually depreciated relative to the kroon! I actually made money off that transaction, lol.

[@joghaella9500]

@@raylopez99 The good old days. 😇 I really loved the design of our former currency, but, needless to say, the introduction to euros and becoming part of the EU led to an amazing growth of our economy and ensured a high living standard. So, I’m quite grateful for that. :)

[@chowsquid]

AmEx mostly caters to the wealthy…..so

[@bromen.21]

I’d rather buy *VRI TOKEN* , atom, polka and polygon!

[@teksassivereklizaza9784]

Can't deny the fact that *VRI TOKEN* is the strongest bet to bring power back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail it's done for good, but I don't see that the biggest tech company in the world would put everything at risk just for that.

[@darleneatkinson3906]

CNBC, I am loyal card user to the card with best services I'll keep card for many, many years because my honesty to pay back the card plus use its great services. That how me born in the U.S.A. native think, I love great services and will pay off my card use it for many years. thanks for the video.

[@joschkahurst]

American Express will be a very big winner in this new game because it's still so small globally.

[@MM-ww6yb]

They also issue their own cards meaning they have the ability to change terms and conditions and pretty much do anything that they want, its Amex > consumer/merchant compared to bank > mc/visa > consumer/merchant. If that makes sense, im not sure if im explaining it correctly my brain is not working today 😵😅 but I definitely agree that amex has huge potential to grow, they haven’t even touched Europe yet really besides the UK and a few other countries, which will change in the future i believe. Im eastern european and im already seeing more and more places accept it which is amazing

[@patrickpaterson8785]

Also the customer service with Amex is just 10x better than any other big corporation.

[@dijoxx]

Non sequitur

[@weird-guy]

No way, they charge the highest fees of them all, and now with the rise in app payments business will decrease.

[@kadiruckun7603]

We have been on a recession since the beginning of 2022, but big media and governments all over the world didn’t want to admit it. We need to be wise and use our brains. Knowledge is power and I’d like all the family to be powerful! Just purchased some *VRI TOKEN* Thanks for keeping us informed during this times of doubt?

[@vascofigueiredo3402]

Thank you for the video. I am a big fan of the channel. In this video I have to point out two things. Unfortunately there is a mistake at 0:20 . There were over 624.86 billion transactions using payment cards for a total of 40.645 trillion dollars spent. Furthermore I did not see a good a reasoning as to why Mastercard is beating VISA. You mention their stock having grown more because of investors believing there is more potential for growth due to its smaller market share but that’s it? VISA is obviously also targeting new markets, just like the mentioned B2B market.

[@BryceCampbell]

Never have really loved the Mastercard cards and associated programs they have - for that I just have a simple cashback no fee Mastercard for when there's a retailer that doesn't take AMEX or Visa. Its almost entirely AMEX for me these days - the Cobalt card is a real game-changer - and sure AMEX overall acceptance tends to be lower, but my acceptance rate has been very good, even with local small businesses! Those few times a year I run into non-acceptance, I just use my VISA card.

[@emirhanimamoglu]

Thank you for being there *VRI TOKEN* when I wanted you to..... I was lost in this new world that I was hassled to start with ....you not only guided me along the way but you also showed me the proper way....whatever little I have been able to achieve in life is because of you today ..... I want to thank you for being there and showing me the proper way of doing thing for me you are my best guide as you truly showed me the way to life....once again , I would like to tell you a heartfelt thanks for being there.

[@thatwindowseatview]

Great video. Could you also do a feature on the role of Virgil MasterCard, heir to the MasterCard fortune?

[@Napoleon_Blownapart]

I had nothing but problems with Mastercard while traveling abroad. I asked my bank to either give me a Visa card, or I'll change to a bank that has Visa. Now it's so much better.

[@theintrovertadventurer9640]

They are pretty much interchangeable in my experience, it’s extremely unusual to find a merchant accepting one but not the other. Other networks are also widely accepted (Discover, JCB, Unionpay, AmEx etc).

[@ivanovpreslav7417]

Costco Canada accepts only mastercard or debit.

[@Tofu3435]

Wildcard: using JCB card. (Mostly known in Japan/ASEAN region) in China there are mobile apps QR code payments.

[@Rosi_aep]

When referencing corporate America, he said “They don’t really care about you as they make it seem” realest thing he said...I’ve seen experienced it first hand in the DMV. Black ppl aren’t really respected in corporate America. Glad that he was able to get out of there and become his own boss *VRI TOKEN*

[@sachin2842]

In India we all love Visa more than Mastercard because the word visa gives us soothing feeling.

[@porcorosso4330]

heh... the master card show rebrand themselves in India...

[@kerimelter8955]

*VRI TOKEN* is a bluechip longterm hold. I dont even care if it replaces ETH(holding this too).

[@Mehmet-in1hk]

I dunno… I was one of those people that didn’t care about a credit score, didn’t get any education about how important your credit score is, and I racked up debt like an idiot. I worked really hard and educated myself and I’ve brought my credit score from 480 to 732 and I’m still going up with *VRI TOKEN* . I feel like the government blaming credit reporting companies instead of the lack of financial education in their own public education system is foolish.

[@sngs9565]

Ajay Banga started this REVOLUTION! Credit goes to Michael Miebach for continuing it!

[@mmp0084]

That’s why India came up with UPI.

[@guardianoffire8814]

China has Union Pay.... so many countries in Asia, Eastern Europe, Latin America, and Africa have various other such companies. Only in the West does Visa, MasterCard and other American companies have the largest market share.

[@faraz1604]

Even Maestro Debit cards were famous before 2017. Now Visa Dominates Indian market by huge margin. Rupay is catching up faster especially after UPI with credit card option.

[@NerdyXRPanda]

💯💯💯

[@roxaskinghearts]

visa everything is automated and secured master card gives their staff all these ways to enter your account and steal your money or card information proven by the india staff i keep dealing with so how is secured card being compared to this American ponzi scheme

[@markcuban5344]

Every country has their own network fool china has uniuonpay even america is introducing fednow

[@ma7amadmagdy]

3:24 I do not think Issuer and Acquirer are able to communicate with each other directly as shown as bidirected arrows, instead they are communicating through mastercard network, someone correct me if I am getting this wrong

[@solasoul33]

Using both at some point in my lifetime I would say I have had less complaints about missing money from my account with Mastercard as opposed to visa. The security is unmatched. Visa also does reach out to you abroad whenever you perform some outrageous transactions especially if it's a US Bank but mastercard might just go ahead and decline it beforehand since it's unusual. The alerts of mastercard are slow to come in as opposed to visa.

[@MrProTechHD]

their Tap feature on their debit cards doesnt work at some places

[@baranayaz1692]

I started to look into NFTs to build more my knowledge. Your video was simple and very enjoyable to watch so thank you for publishing this content. I personally think this revolutionary way of buying /selling art or actually anything that can be classified as a virtual asset will need to be watched very closely. The sector is still widely unregulated and those activities can conceal massive risks of money laundering and financial crime at many levels. There was no case of money laundering or any suspicious activities when I made the decision to join *VRI TOKEN*

[@HolarMusic]

how old are you?

[@tacidara8758]

For the most time of this year if you would invest into anything it is not doing very well I mean that's pretty obvious. But the launch of *VRI TOKEN* plays a different game and it is less affected by such moves as the utility is simply too strong. Just my bet

[@TIRPANCILAR]

I feel that the last bull run was bolstered by all the money being printed. Major returns next bull run but I think they will be tamer in my humble opinion. A 10x on *VRI TOKEN* is and a 15x on polygon are fair considering how much those two coins are interwoven into the entire crypto ecosystem

[@eirini9419]

I'm sure that in the late 60s and early 70s in the US MC used to be called "Master Charge" and Visa used to be called "Bank Americard".

[@sinemkilinc2810]

between the two, I think I would still support *VRI TOKEN* : technically speaking, years ahead of the competitors,Brand power, easy development, flexible with source languages, quick tx...

[@QueenConsious]

#TEAMAMEX! And I also loved Visa they yo me have better card benefits without annual fees

[@iunspoken]

Should take a look at Asia. We've been doing instantaneous payment transfers without Visa, MC or Amex for years now

[@cosmingaftone8464]

Hei! Can you sens me the analize Dashboard complete of Mastercard? Thanks

[@chillinJohnny]

I've switched to visa. More and more business are switching to it as it's better for cheaper for international transactions. As globalisation continues it should grow market share

[@BrawlRank00]

I’ve been with *VRI TOKEN* for more than five years and it’s one of the best decisions I’ve made in terms of investing. I use my self-directed IRA with Preferred Trust Company. I work with my Investment Representative from Ignite Funding who is very professional and knowledgeable as well as the other employees in other departments. I get answers to my questions right away. I have more than 20 loans at the moment and interests are paid in a timely manner. I’m grateful to have them.

[@deewinc]

Visa used to be dominant in Kenya up to around 2010. From there, Mastercard invested a lot in marketing and partnerships. You walk in a bank and by default they give you a Mastercard unless you request for Visa. Somehow, Visa has hardly done anything significant to attract users.

[@futuristudios]

🤔

[@TomNook.]

I've always been puzzled about how something fundamental is controlled mainly by just two providers - both American as well. It's worse than big tech.

[@Beekeeper8011]

It's because of government regulation. A newcomer wouldn't be able to afford all the compliances.

[@Tential1]

You mean 4? Discover and Amex are there too.... Helps if you don't completely misrepresent the situation.

[@varshard0]

There are other players. There are 4 players in US. In India, there's RUPAU, In SEA, there are brands like UnionPay from China and some other brands in each individual country.

[@chowsquid]

It’s because they invented it. bancamericard invented and MC copied it.

[@TomNook.]

@@Tential1 Do you see the "mainly" part? It helps if you can read.

[@eela_1905]

All of them are really nice picks. But the potential of project that elegantly combine blockchain and *VRI TOKEN* and should not be overlooked, I guess. Among them, this truly tackle real-world problems and have vibrant ecosystems, like Aiwork.

[@arnoutbolman5070]

Since liquidity is drying up rapidly now, in the financial system, this will affectvthe credit cards companies especially. Doesnt it? I am curious how far stocks will drop q4, q1..

[@IndianaDiy]

I think both their networks are slower than AMEX but yes they are accepted in more places.

[@narz7573]

Could you elaborate I'm clueless and want to know what you mean by this

[@andreaisonline]

@@narz7573 AMEX is a lender, V and MC no.

[@porcorosso4330]

​​@@andreaisonline so you mean amex pay business directly without involving the banks... which in part makes their system faster...

[@andreaisonline]

@@porcorosso4330 I am not sure what he means with faster network, it makes no sense but that's my guess. The main difference is that American Express is both a card issuer and a payment network. Visa/Mastercard only a payment network and have cards issued by other banks.

[@irving.kuhauluajr.5392]

Unless also you have discover they are also both and very easy to get hard to fall behind and if your good at English stick with them other teams to do business or personal with is a fricken nightmare I hear especially if your in another time zone your welcome 🤗

[@GaganSingh-il2tl]

Mastercard or Visa DO NOT make any money from Interchange fee. That fee is for the issuers for taking on the risk to pay on behalf of their customers.

[@amritkd]

Correct - and they talk as “experts” !

[@vivarevolution3527]

While visa and MasterCard fight each other , India single handedly end the monopoly of this two company and made its own debet card Rupay

[@kevinfernandez9999]

Rupay sucks

[@sporadics]

I used to work for VISA...I can't complain how the company treated me, even after it laid off. But it has a big problem...it is so profit-driven that it did not focus to how to help the small businesses grow...this left the door open for the smaller payment processors. Now they are dividing the market that VISA can't salvage.

[@user-yw2pq8fv3n]

Hey, I wanted to know what advantages Visa offers banks to deal with over any other company

[@apearce3007]

I am retired from Visa and worked with the largest west coast issuers and acquirers as well as large merchants such as Walmart and we were constantly finding ways to help these customers to be efficient and save operational costs without any reservations when these measures resulted in less profit for Visa, which happened at times! For 17 years working at Visa, I saw nothing but a conscious, ethical and fair company!

[@ConradGosling]

The credit and insurance system is the exact reason why we are in such a problematic economy as a nation. Credit has allowed way too many people live above their means the system takes advantage of peoples need for ease and ostentatiousness to take advantage of these people at very high interest rates, Insurance has made our medical industry overpriced in every aspect because the hospitals took advantage of them.

[@KingDavid-jj7tk]

With the current recession and financial cries world wide i think getting just only a job isn't the best solution to attaining financial freedom because there are a lot of opportunities in the financial markets, I would recommend you seek professional support.

[@biankabrodeur-yf3yl]

@Nick That's impressive! I could really use the expertise of this advisor, my portfolio has been down bad.... Who’s the person guiding you?

[@angel-ij4xv]

stay away from credit cards they want you to stay in debt so you can be their slave

[@tube.brasil]

The instantaneous, free account to account PIX payment system in Brazil is gaining a lot of space in retail sales.

[@reecemcilwrick]

In the UK a lot of banks are moving to Mastercard

[@Joe-pe8fe]

The UPI payment system is beating them in India. India is a massive market to loose

[@pubgverson744]

BRO WHY ARE YOU NOT TALKING ABOUT *VRI TOKEN*

[@JojoLannister]

Alot of countries trying to get rid of Visa and Mastercard, altho not completely. Other countries basically send $$ to US for Visa MA processing fees.

[@adityatulsiyan7063]

it would be great if they spoke about UPI as well

[@MontgomeryMall]

I have never seen an advertisement by Mastercard attacking Visa or vice-versa. Rather, their ads tend to tee off on American Express.

[@pgrey1312]

whichever credit card company gives me no annual fee greatest cash back, no foreign exchange charges.. tat card the main card to go for either master or visa or etc

[@theadirondackstacker]

If that passes it will still be business as usual with visa and mastercard. 2 percent swipe fees arent going to change or go away. Discover and Capitol one will gain a little traction but visa and mastercard will still be by far the main players.

[@BerkayYldrm-he9zq]

Thank you for your videos mate, you know most people think that investing in crypto is all about holding till it rises, come on, it takes time and is a gamble on the long run, this recent dip and slight pump should be a lesson to people who hold blindly. Working with *VRI TOKEN* , made me believe that when you hold, you stand the chance of losing it all too unexpected dips. So rather than simply holding, I trade crypto under his expertise.. We need more experts like her, who educate people on the evolution of the market so people avoid common mistakes. so they don’t walk out of the market feeling frustrated! I able to accumulated over 11.8 BTC when I started at 1.3 BTC in just few weeks implementing *VRI TOKEN* daily trading signals and tips..

[@nikyabodigital]

I was focusing to use on VISA because i thought it was more successful than mc and more easily used abroad.

[@scottchambers7087]

Dope describes my rhymes, making all you emcees cold drop like dimes. You know MCSC is back again, and battling me on the microphone is like committing a sin. King Scott/King MCSC

[@annagodman688]

looks like someone is trying to build some FUD for MC

[@birdstwin1186]

heavy FUD

[@alexandermaverick9474]

for some sort of scale context, think of the biggest banks. Visa and Mastercard are bigger than those like a blue whale compared to an orca. WIthout MC, Visa, Amex, China UnionPay, etc, the banks have to have direct contact with all other banks, and to reconcile all transactions by themselves. I am not aware of any bank in such a position, at least Europe-wise.

[@faraz1604]

Since master card was restricted in India for few years to issue new cards by Indian Government for non-compliance of some rule. Visa acquired much more matket with more value offering cards. Now Rupay cards have started getting attention in both Debit and credit cards in India. Soon they will beat master card and start catching up with Visa Locally.

[@TrueRaps]

Rupay is limited to domestic Indian transactions though

[@train_xc]

Premium card with hosts of benefits are generally not Rupay. And Visa and Mastercard generally get the lion share of revenue from the premium cards, as they spend more. Amex specifically targets these group, as such their cards always have some fee

[@kellecipolatkol6843]

Predicting a reversal of a trend is risky, and even worse, I believe there is more to this market than we understand currently. When people are losing, they don't aim to increase their average, but that can only change if you have a personal trade guide and signal provider like that of VRI TOKEN which has made me almost 19.5 on a 2 btc Trade capital over the last 3 weeks. Make the wise decision. Markets fluctuate in cycles that can last anywhere from a few days to several years. In the case of B -TC, it's difficult to make a bullish case simply from looking at the charts.

[@martinbenitez13]

note: Reuters animation: 1:09 Payment card wheel chart: 2:32

[@Sacto1654]

It will be interesting to see if China UnionPay will really try to go international on a large scale in the next several years. Just that brand by itself has a giant user base from China alone.

[@weird-guy]

Theres no way , governments are cracking down on huawei, tiktok and other Chinese companies.

[@bradhouse147]

In Canada, in 2022, it seems most card companies switched to Mastercard. Especially the fintech.

[@theintrovertadventurer9640]

I think that’s because most are issued by the same bank (Peoples Trust). If the issuer switches, all underlying fintech have to follow suit.

[@FinanzenMitFun]

Mastercard is one of my biggest positions. I love the credit card business. ❤

[@naumtemnomedeusuario]

Be aware that the payments systems are changing rapidly. Instant payments solutions are growing fast. See Brazil for example. In less than 2 years, PIX has become our main payment and transfer systems. It's free for individuals, runs 24x7 and it's accepted anywhere by anyone, from individuals to large companies.

[@zionismisterrorism8716]

What about Amex and Discover?

[@Booz2020]

Higher Fees on monthly basis and higher charges for overseas transaction 😔

[@zionismisterrorism8716]

@@Booz2020 Yeah, but you can make up the annual fees if you spend a lot on it and use the lounges and Uber credits.

[@moisesojeda1085]

neither can be used at Costco 😂

[@zionismisterrorism8716]

@@moisesojeda1085 I never shop at Costco, because it's far away.

[@QueenConsious]

#TEAMAMEX!

[@uabir8338]

Got a mastercard because of Costco. Love it!

[@irving.kuhauluajr.5392]

I honestly thought growing up they were more of a American Express I could have sworn I seen those

[@lordofthefries4140]

​@@irving.kuhauluajr.5392 They're actually VISA these days, they switched from amex back in 2016

[@jaylamba3643]

By far the biggest threat to Visa and Mastercard is India's UPI payment system. Why pay when you can do it free.

[@GunduDundu]

Barabar bola lambe

[@cestajecil]

Only in India my friend.

[@jeretso]

Swipe % fees are too high. It's just a tiny bit of data and retailer prices are already too high.

[@MubashirullahD]

I wish Union Pay was more easily accepted globally. A few places accept that like Amazon etc. More local stores and sites usually have Mastercard and Visa. Thats it

[@theintrovertadventurer9640]

Unionpay is widely accepted in person (due to network partnerships, for example you can use it if you see the JCB logo) but online yeah acceptance is miserable.

[@sanju_sebastian]

iN INDIA both MC AND visa ARE DEAD BY UPI. I don't see a point in using these cards nowadays and I haven't used the cards nearly 2 years and more.