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Managing Director at Calleo
Andrew Dean
Domestic payment scheme a potential game-changer, with the right tech embedded
This has been pretty successful in Nigeria, Verve holding about 20% of the market, enough for Visa to invest in Interswitch. A group of retailer tried a private semi-open version of this in the States (MCX) but it never took off. Regulator led domestic schemes has potential and in Africa, could hopefully later expand to an African and international accepted version (UnionPay, EPI, etc.)
Posted on 23 May 2021 09:32
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