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Alex Xu on Twitter: "/1 Why is the credit card called “𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐩𝐫𝐨𝐟𝐢𝐭𝐚𝐛𝐥𝐞 product in banks”? How does VISA/Mastercard make money? The diagram below shows the economics of the credit card
Yana M on Twitter: "Visa and Mastercard-branded card make up more than 70% of all US payments volumes, but card issuing banks earn the majority of revenue made on a given transaction.
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