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International Credit Card Processing: How It Works
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Visa and Mastercard dominate nearly 90% of all payment processing outside China, forming a powerful global duopoly valued at over $850 billion. Their reach spans continents, making them gatekeepers of modern commerce. But with great power comes great scrutiny. Critics argue this control lets them cut exclusive deals and limit healthy competition. The fear? Innovation slows down, fees go up, and consumers are left with fewer choices. As regulators worldwide dig deeper, the question remains—does t
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