Right now there is no viable threat to Visa / MasterCard unless it is by American Express, or to a far lesser extent, Discover. China UnionPay has been mentioned as a serious competitor, but that is not at all true. UnionPay has extremely limited international acceptance. read more
Right now there is no viable threat to Visa / MasterCard unless it is by American Express, or to a far lesser extent, Discover. China UnionPay has been mentioned as a serious competitor, but that is not at all true. read more
Despite these seemingly impenetrable fortresses of capability, balance sheet and volume, however, there are established and a few relatively new companies that are already offering serious competition to Visa and MasterCard and there are threats on the horizon in the form of start up companies with good ideas, strong backing or both. read more