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by sinyug 1733 days ago
I am all for competition. But only till companies reach a certain size. It is ridiculous to let private companies like Mastercard and Visa collect a percentage of every single electronic transaction.

We have had a government-run payments network[1] in India for a long time that all banks hook into and it works very well.

[1] https://en.wikipedia.org/wiki/National_Payments_Corporation_...