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The Secret Business Model Behind Visa and Mastercard

In this episode, Andrew and Dave delve into the intricate business models of Visa and MasterCard. They discuss the performance and history of these companies, emphasizing Visa's American-centric focus compared to MasterCard's international reach. The conversation covers the concept of a duopoly and how both companies have become dominant players through strong network effects.

They analyze the revenue streams of Visa, including service revenues, data processing, international transactions, and value-added services, and discuss the growth potential of these segments. The episode also compares…

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