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Europe’s $24 Trillion Breakup With Visa and Mastercard Has Begun
(europeanbusinessmagazine.com)
This is a most excellent place for technology news and articles.
Brazil has a payment system (called Pix, IIRC) that seems to work well, and has survived some... questionable leadership.
I don't know much about it (maybe a Brazilian can say more about it), but it seems to serve the businesses very well there.