Exclusive: First meeting to be held over domestic payments system aimed at reducing reliance on US networks

About damn time!

I never understood how such a foreign duopoly was able to be created in an industry we dominate in.

  • angrywaffle@piefed.socialEnglish
    381·
    4 days ago

    However, the UK is taking a less aggressive stance, with Visa and Mastercard working within the initiative. Both companies are part of the new funders group, giving them a stake and a say alongside a large number of banks.

    Brilliant, let the american companies have a say.

    • masterofnone@piefed.socialOPEnglish
      4·
      4 days ago

      Probably just an unfortunate reality for companies that do big business together to work towards a third option. Hopefully it can at least lead to a third or 4th option depending what happens with the EU plans.

    • GMac@feddit.orgEnglish
      2·
      4 days ago

      Came to say the same thing. But then again I shouldnt be surprised, bankers and politicians seem to really struggle with concepts like ‘conflict of interest’