Visa and Mastercard control over 80% of global card-based payments, making them key players in the financial transaction space. But that dominance is slowly changing. As major technology companies build their payment infrastructure and embed financial services into everyday platforms, the traditional payment network model is being redefined. Watch the video to understand how this shift is unfolding and what it means for the future of payments.
Big Tech firms are no longer just tech providers, they are now active participants in the financial system. By integrating digital payments into phones, apps, and cloud platforms, companies like Apple, Google, and Amazon are reshaping how consumers and businesses transact. This evolution presents new efficiencies, but also creates direct competition for incumbents like Visa and Mastercard.
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