This just seems perverse. The textbook example of anti-competition via network effects (Visa and also MasterCard) teaming up with other payment platforms that also inhibit competition via the moat of network effects. In the end, these companies just offer some basic utility services for a modern society. We should regulate them as such and perhaps also have a government provided payment solution as an alternative.
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This just seems perverse. The textbook example of anti-competition via network effects (Visa and also MasterCard) teaming up with other payment platforms that also inhibit competition via the moat of network effects. In the end, these companies just offer some basic utility services for a modern society. We should regulate them as such and perhaps also have a government provided payment solution as an alternative.