Last week Trump targeted Pix and Brazil for discriminating against Mastercard and Visa[0]. Also last week there was the Steam debacle involving the same two companies which brought attention to the power that this duopoly holds all across the world. In Brazil many people, if not the majority use interest free instalments to pay for anything above groceries - “parcelas”, all of which, until now, were done through Mastercard & Visa. So this is yet another blow to these companies and perhaps accelerated by Trump’s threats.
It also highlights how desperately the EU is behind other countries in this space, with the news of the dependence on Azure and their aims to decouple from the US.
It’s a nice apt story for what’s being going on this last week.
It also highlights how desperately the EU is behind other countries in this space, with the news of the dependence on Azure and their aims to decouple from the US.
It’s a nice apt story for what’s being going on this last week.
[0] https://www.ft.com/content/e17e6de1-d863-46f8-bfab-fa8cbfc49...