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Europe's $24T Breakup with Visa and Mastercard Has Begun
(europeanbusinessmagazine.com)
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this post was submitted on 10 Feb 2026
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When I lived in Japan about 20 years ago, I remember being surprised that the only widely accepted credit card was American Express.
At a large company I was paid in cash, delivered weekly in an envelope by a HR gentleman. While it wasn't the most efficient system, I skipped back to my company home every week feeling like a millionaire.