Mastercard, in collaboration with major banks like Citigroup and JPMorgan, is testing a blockchain-based Regulated Settlement Network that aims to streamline and secure financial transactions, raising questions about the potential impact on the existing financial...
The debit card market has experienced a tectonic shift as UnionPay, the Chinese payment system, overtook Visa in market share. According to a report by Nielsen, UnionPay now commands a 40% share of debit card transactions, outpacing Visa’s 38.8% share. This is a...