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Motley Fool Money
The War on Cash, Revisited
Dec 3, 2023
The discussion centers on the evolving dynamics of the payments space and the ongoing 'war on cash.' Insights reveal how major players like Visa and MasterCard are adapting to competition and innovation, even with the rise of cryptocurrencies. PayPal is examined for its growth challenges alongside emerging strategies in embedded finance. The podcast highlights Mercado Libre's meteoric rise as a fintech leader, showcasing its potential to reshape the industry much like early Amazon did.
26:48
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Quick takeaways
- Visa and MasterCard remain crucial players in the war on cash, benefitting from the success of fintech startups by providing payment infrastructure.
- PayPal, despite some growing pains, proves its value with double-digit growth in total payment volume, revenue, and engagement, positioning for future growth and strategic acquisitions.
Deep dives
Visa and MasterCard: Dominance and Growth
Visa and MasterCard, the two dominant players in the payments industry, continue to rule the roost. With $22 trillion of annualized payment volume split between the US and international markets, they show no signs of slowing down. Despite the rise of fintech startups and crypto companies, Visa and MasterCard remain crucial players in the war on cash, as they benefit from the success of these disruptors by providing the payment infrastructure. With their strong financials, steady growth, and opportunities for international expansion and business-to-business transfers, Visa and MasterCard are poised for continued success.
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