How Mastercard Plans To Beat Visa

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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

Опубликовано:

30 июл 2024

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Комментарии : 580

@financialconnectioninc Год назад

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 Год назад

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 Год назад

paying with QR options are still not widespread yet

@Tential1 Год назад

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

@fanban2926 Год назад

@@Tential1 Hello there!

@financialconnectioninc Год назад

@@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 Год назад

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

@darvinray1783 Год назад

Unless youre in Costco USA. LOL.

@Booz2020 Год назад

WeChat 🇨🇳 : Please hold our QR Codes

@roxaskinghearts Год назад

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 Год назад

not at Costco 😂

@skycloud4802 Год назад

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

@Kylelongwest Год назад

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 Год назад

@Kam Cambodia

@PassionPno 8 месяцев назад

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

@myownboss1 Год назад

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 Год назад

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 Год назад

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

@ronbali3429 Год назад

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

@everry3357 Год назад

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

@Bat_Boy Год назад

And yet…you are obviously still unhappy.

@handlealreadytaken Год назад

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 Год назад

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

@Tential1 Год назад

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

@VEVOJavier Год назад

@@Tential1 perhaps his definition of everywhere is the US

@iPlayOnSpica Год назад

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

@crs39 Год назад

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

@nishanthramakrishnan3362 Год назад

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 Год назад

It is no longer banned anymore

@pranaym3859 Год назад

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 Год назад

@@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 Год назад

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

@akshaypendyala Год назад

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

@wowJhil Год назад

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 Год назад

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 Год назад

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 Год назад

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

@sblack53 Год назад

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

@roxaskinghearts Год назад

@jalabi99 Год назад

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

@azizececen9747 Год назад

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

@ma7amadmagdy Год назад

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

@TheJavw Год назад

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 Год назад

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 Год назад

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

@daniel11111 22 дня назад

In India, we have something called UPI. Using a phone number you can do peer to peer transactions and using a QR code, merchant transactions. It can also be linked to your bank account and also the credit line. Essentially rendering any other method of payment methods irrelevant. Around 70% of digital transactions are now done using UPI and fast gaining market share. Visa and Mastercard as expected, went crying to their government crying foul. And keep in mind, 40% of the global real time transactions are executed in India.

@djguapo 14 дней назад

“I’m Mexico”?? 🤨

@MegaStoneTV Год назад

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

@ASidd1 Год назад

that's a good one

@roxaskinghearts Год назад

@sezerdemirel Год назад

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

@joghaella9500 Год назад

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 Год назад

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 Год назад

@@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 Год назад

@@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 Год назад

@@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 Год назад

AmEx mostly caters to the wealthy…..so

@hgabriel13 Год назад

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 Год назад

Surveillance.

@porcorosso4330 Год назад

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 Год назад

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

@MrReachashish Год назад

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

@ockertoustesizem1234 Год назад

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

@poyrazdeniz30 Год назад

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

@kartalahmed47 Год назад

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

@brawlstarskulubu1095 Год назад

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.

@gulbaharkulsuz618 Год назад

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

@koushik_varma Год назад

Did i just watch a 10 min Mastercard advertisement!!

@JohnAdams-vd5dc Год назад

Yes, yes you did. We all did.

@wlee9888 Год назад

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

@davidsomerville8540 Год назад

No no no that was a documentary😅

@thatwindowseatview Год назад

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

@hyruleanraven81 Год назад

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

@moatazimad4964 Год назад

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 Год назад

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 Год назад

You're just living in the wrong country

@weird-guy Год назад

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

@pa5666 Год назад

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.

@MikeLowery203 Год назад

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!

@AliAli-dr8sf Год назад

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

@darleneatkinson3906 Год назад

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.

@IndianaDiy Год назад

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

@narz7573 Год назад

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

@andreaisonline Год назад

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

@porcorosso4330 Год назад

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

@andreaisonline Год назад

@@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 Год назад

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 🤗

@ST-FlameWarriorspYT Год назад

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

@joschkahurst Год назад

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

@MM-ww6yb Год назад

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 Год назад

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

@dijoxx Год назад

Non sequitur

@weird-guy Год назад

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

@eirini9419 6 месяцев назад

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".

@BryceCampbell Год назад

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.

@vascofigueiredo3402 11 месяцев назад

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.

@sngs9565 Год назад

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

@arnoutbolman5070 9 месяцев назад

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..

@iunspoken Год назад

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

@Hackermens Год назад

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

@Tofu3435 Год назад

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

@kerimelter8955 Год назад

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

@theintrovertadventurer9640 Год назад

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 Год назад

Costco Canada accepts only mastercard or debit.

@MrProTechHD Год назад

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

@pubgverson744 Год назад

BRO WHY ARE YOU NOT TALKING ABOUT *VRI TOKEN*

@nikyabodigital Год назад

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

@cosmingaftone8464 Год назад

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

@Naviss Год назад

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- Год назад

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

@aymanpatel5862 Год назад

Apple Pay uses Mastercard network

@Tential1 Год назад

@@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- Год назад

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

@kantmyls3333 Год назад

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

@johnnyballenatl Год назад

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

@chillinJohnny Год назад

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

@ConradGosling Год назад

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 Год назад

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.

@biankabrodeur01 Год назад

@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 Год назад

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

@TomNook. Год назад

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 Год назад

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

@Tential1 Год назад

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

@varshard0 Год назад

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 Год назад

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

@TomNook. Год назад

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

@kayra_fenerbahce Год назад

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

@qertyasdsa6 Год назад

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.

@annagodman688 Год назад

looks like someone is trying to build some FUD for MC

@birdstwin1186 Год назад

heavy FUD

@VQ151 Год назад

My bank just switched from Mastercard to visa? Idk if Mastercard will continue to be up top. Look up bank of the Sierra visa debit card And union bank got bought out by U.S bank and is moving to visa debit cards

@VQ151 Год назад

I have more vida cards than master cards.

@martinbenitez13 Год назад

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

@jeretso Год назад

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

@QueenConsious Год назад

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

@pgrey1312 Год назад

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

@MARKABSNO1 Год назад

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.

@bradhouse147 Год назад

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

@theintrovertadventurer9640 Год назад

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.

@tube.brasil Год назад

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

@mmp0084 Год назад

That’s why India came up with UPI.

@guardianoffire8814 Год назад

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.

@Nerd-tech-news Год назад

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.

@NerdyX90 Год назад

💯💯💯

@roxaskinghearts Год назад

@markcuban5344 Год назад

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

@reecemcilwrick Год назад

In the UK a lot of banks are moving to Mastercard

@fe5ks Год назад

So the conversation will just ignore the 2nd placed player UnionPay that shadow Mastercard and the rest all together?

@Sacto1654 Год назад

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 Год назад

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

@sporadics Год назад

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 Год назад

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

@apearce3007 Год назад

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!

@Napoleon_Blownapart Год назад

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.

@user-yw2pq8fv3n Год назад

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

@user-kg6fz6ki7x Год назад

Cloned Card with balance $ available & up for grab @ my Chanel name 💀

@theadirondackstacker 8 месяцев назад

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.

@sachin2842 Год назад

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

@porcorosso4330 Год назад

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

@alexandermaverick9474 Год назад

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.

@FinanzenMitFun Год назад

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

@naumtemnomedeusuario Год назад

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.

@deewinc Год назад

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 Год назад

🤔

@paulburick Год назад

Did anyone else notice the stock video in which someone held up their apple pay to a bar code scanner?? Hahaha, where do they find these videos?

@MontgomeryMall Год назад

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

@JojoLannister Год назад

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.

@MubashirullahD Год назад

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 Год назад

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.

@uabir8338 Год назад

Got a mastercard because of Costco. Love it!

@irving.kuhauluajr.5392 Год назад

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

@lordofthefries4140 Год назад

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

@hhjidiie Год назад

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

@KrypptikkSoulslayer Год назад

For some reason or another my bank switch from MasterCard to VISA after a system upgrade 🤔

@zionismisterrorism8716 Год назад

What about Amex and Discover?

@Booz2020 Год назад

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

@zionismisterrorism8716 Год назад

@@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 Год назад

neither can be used at Costco 😂

@zionismisterrorism8716 Год назад

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

@QueenConsious Год назад

#TEAMAMEX!

@GaganSingh-il2tl Год назад

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 Год назад

Correct - and they talk as “experts” !

@truezulu Год назад

In Scandinavia VISA is dominant while Mastercard is niche at best. So not all of Europe eh?

@solasoul33 6 месяцев назад

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.

@jaylamba3643 Год назад

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

@GunduDundu 10 месяцев назад

Barabar bola lambe

@cestajecil 9 месяцев назад

Only in India my friend.

@vivarevolution3527 Год назад

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 Год назад

Rupay sucks

@skylineXpert Год назад

My visa says debit & mastercard credit. Unless know how to leverage then It would end with an economy like an airline... But I must say i found the acceptance of mastercard Is better, could not really use my visa on a boat In New zealand...

@adityatulsiyan7063 Год назад

it would be great if they spoke about UPI as well

@LEİTEEEE22 Год назад

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*

@MrReachashish Год назад

Meanwhile in India, people are switching to UPI stack which provide realtime txn and saying no to commisson fees.

@sanju_sebastian Год назад

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.

@bromen.21 Год назад

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

@MOBMJ Год назад

I actually have a lot of cards that are MasterCard but, I prefer Visa because most of the places i shop at only take Visa.

@varshard0 Год назад

Excuse me, what country is this? I've never seen any place that accepts only VISA over MC.

@batikanunlu8968 Год назад

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.

@eela_1905 Год назад

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.

@tentimesful Год назад

lol in holland you cant buy anything with mastercard or visa, credit cards are from last age.... worst thing is some mastercard companies like skrill are not allowed in most online shops, they kept blocking mine and I just quitted credit card...

@FairBeautyEssentials Год назад

Do rich/wealthy people use credit cards? Just curious….

@Meta7 Год назад

Probably more than the average person lol.

@MiahV007 Год назад

They almost EXCLUSIVELY use credit for accumulation of rewards (points/miles) for things they would’ve been buying anyways.

@nightfall4207 Год назад

All my crest and debt cards are master card I don’t use visa anymore

@scottchambers7087 5 месяцев назад

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

@hugoyu2001 Год назад

Wait, Visa was a separate entity in Europe? Does that mean European-issued Visa card won’t work in the US back then?

@Jaegerxx Год назад

Visa V Pay only worked in Europe, yes.

@chowsquid Год назад

Visa bought Visa Europe some years ago. It’s in the video

@crazydudetz 7 месяцев назад

I've never had the choice to choose if my card would be Visa or MasterCard. My bank would just issue whatever they had. I had no say in the matter.

@vasanthpragash854 Год назад

Looks like a lot of comments complaining about merchant charges by MC . They should seriously consider India's UPI system where there is no MDR for bank to merchant transactions. Even if cards are used on UPI there are no charges most of the time.

@kevinfernandez9999 Год назад

There are no charges because it is subsidised by the Indian government