And to the extent that even when you pay with cards with a Visa/Mastercard logo odds are high that it will go via a national network domestically.
E.g. in Norway, BankAxept handles 80% of in-store card payments in Norway - essentially nearly all debit card payments, despite the fact most debit cards are also Visa cards. The Visa/Mastercard part typically only gets used outside of Norway.
BankAxept is also owned by the same group of banks that owns Vipps, and MobilePay that dominate the mobile payments market in Norway and Denmark as well, with smaller user bases in Sweden and Finland.
And many of these European payment providers (including Blik and Vipps/MobilePay) are moving towards being part of the European Payments Alliance to make these systems interoperable across Europe as well, which would take Visa and Mastercard out of a significantly larger proportion of European payments. Some of those cross border payments are already in place.
E.g. in Norway, BankAxept handles 80% of in-store card payments in Norway - essentially nearly all debit card payments, despite the fact most debit cards are also Visa cards. The Visa/Mastercard part typically only gets used outside of Norway.
BankAxept is also owned by the same group of banks that owns Vipps, and MobilePay that dominate the mobile payments market in Norway and Denmark as well, with smaller user bases in Sweden and Finland.
And many of these European payment providers (including Blik and Vipps/MobilePay) are moving towards being part of the European Payments Alliance to make these systems interoperable across Europe as well, which would take Visa and Mastercard out of a significantly larger proportion of European payments. Some of those cross border payments are already in place.