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12min chapter
Visa
Acquired
Network Economies and Switching Costs in the Card Industry
This chapter discusses the concept of network economies in the card industry and the lack of switching costs with digital payments. It explores the limited options for banks besides Visa and MasterCard, and highlights the challenges faced by retailers with low margins due to transaction fees. The chapter also raises questions about Visa's future involvement in industries with high-priced goods.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode