What does this mean for travel if Visa is not “everywhere you want to be”?

I can’t tell if this is going to replace Visa/Mastercard or be offered in addition to Visa/Mastercard to handle transactions for locals while still allowing transactions to be viable for everyone else who might be passing through.

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Tehnix 4 hours ago | parent | next [-]

I don't see a way it wouldn't be offered in addition to. Some EU countries (e.g. Denmark) already do something similar where we a national debit card called "DanKort" (mashup of "Danmark" and "Kort" which translates to "Denmark" and "Card"). It typically also has a VISA part to it for usage abroad.

All stores accept this as well as VISA/Mastercard since they want to maximize who they can get money for, so it's already a common place practice for payment terminals to do this. Tourism alone is enough of a reason you would accept VISA/Mastercard still.

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makeitdouble 4 hours ago | parent [-]

> I don't see a way it wouldn't be offered in addition to.

Yes, it will for most nation wide chains, touristic places, and anywhere that has comfortable margins.

For smaller shops and tighter business models, dropping the costlier networks will be the first thing they do. Same way a decent number of shops won't accept Amex, or just no card at all.

Now if we're is cheap and popular enough, there might be more stores getting rid of cash as a reaction.

	▲	al_borland 2 hours ago \| parent [-]
		We’re seeing the opposite in the US where smaller shops aren’t taking cash, presumably so they don’t have to deal with managing it. There is a cost, but I’m sure every business has already priced goods accordingly to pass those fees onto the consumer.

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SomeUserName432 5 hours ago | parent | prev | next [-]

> What does this mean for travel if Visa is not “everywhere you want to be”?

You'll live life as if you had AMEX instead.

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carlosjobim 4 hours ago | parent | prev [-]

It means that businesses who accept cards will have a great advantage against businesses who think they are smart by making life difficult for customers.