this post was submitted on 26 Jul 2025
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Apologies for YouTuber link - as some of the sources cited are in Japanese, it’s harder to get to a direct English source. The video description includes links to the Yahoo.jp article.

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[–] ByteJunk@lemmy.world 35 points 2 days ago* (last edited 2 days ago) (3 children)

To this day, I don't understand why Visa or MasterCard (or even a "physical" or even virtual card) are necessary. If the banks can't create a global, shared way of processing payments, then the governments should step in and do it for them.

[–] toothpaste_ostrich@feddit.nl 25 points 2 days ago

I imagine that's because that would be against the interests of the owners of those companies. Which presumably have some power in the world, being practically internationally successful banks.

Tldr; money.

[–] Maestro@fedia.io 14 points 2 days ago (1 children)

Generally the world has that. There's SWIFT and EPI in Europe, EPAA in Asia and Pix is South America. The biggest credit card market is North America.

[–] ByteJunk@lemmy.world 7 points 1 day ago (1 children)

I'm in Europe, and my debit card says visa. That's the part that confuses me...

[–] Maestro@fedia.io 3 points 1 day ago

Mine too, but it's not a visa card. Just compatible with visa terminals. Mine also says cirrus, maestro and a few other payment systems.

[–] burgerpocalyse@lemmy.world 6 points 1 day ago

it was barely thirty years ago when small businesses didnt always accept every credit card. i remember one time as a kid i used my little bank card at a gift shop and the lady used that ancient scrubby thing to mark that weird multilayer receipt paper