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20min chapter
Visa
Acquired
The Evolution of Visa: IPOs and Interchange Fees
This chapter explores Visa's transformation from a non-stock organization to a publicly traded company during its 2008 IPO amid legal challenges. It details the structure of Visa's business model, focusing on the complex nature of interchange fees and their distribution among stakeholders. The narrative examines the dual impact of these fees on merchants and consumers, revealing the balance between rewards systems and the financial realities within the credit card ecosystem.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode