Why Visa and Mastercard are the winners in the digital revolution

Building foundations for growth

If you are looking for the long-term winners of the digital economy, it is hard to ignore the payment networks.

Both Mastercard and Visa enjoy much higher market shares in the digital world than in the physical one.  For example, Visa recently explained that 12 cents out of $1 of payments in the bricks and mortar space is routed through its network. In the digital space, Visa's market share is 43 cents. This natural tailwind is massive and has started to drive tremendous growth.  As if that was not enough, these well-managed companies have started to open new payment territories on the side.  The retail revolution: Looking beyond the FANGs Through the acquisition of British company Vocali...