Mastercard and Visa Are Poised to Profit From New European Payment Rules

New regulations will require banks to allow customers use apps to directly initiate payments without using the card network. Mastercard and Visa have bought stakes in payments companies that will benefit from the change.

source https://finance.yahoo.com/m/49a4317a-e7bf-3543-ac77-f6d3d52f7229/mastercard-and-visa-are.html?.tsrc=rss

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