Visa Faces New European Payment Rivals While Expanding Global Reach
European Union and UK authorities are accelerating efforts to build domestic payment schemes that reduce reliance on global card networks like Visa and Mastercard. These initiatives coincide with NYSE:V expanding international reach through a UnionPay agreement for cross-border payments into China. Visa is also rolling out its Visa & Main platform in the US, aimed at supporting small businesses with tools and services tied to its payments network. Visa, ticker NYSE:V, sits at the center of...