Yep, Stripe are also investors in Monzo. This is the obvious long term play and there is no way the incumbents can keep up. It would also allow massive innovation in payments too.
Visa and mastercard should be very worried about being displaced.
Visa and mastercard should be very worried about being displaced.
Similar to how an account to account transfer in the same bank does not go though whole SWIFT network etc.
Many businesses and individuals would still prefer to have a Mastercard or Visa at this time as most international websites that sell services and goods don't accept Rupay.