Visa & Mastercard reach $30B settlement in swipe fee battle, but it’s far from over 😤; Qonto expands business banking offerings with new "Pay Later" financing solution 💸

FinTech is Eating the World, 26 March

Hey Everyone,

Happy Tuesday! Today’s issue is especially interesting as we’re going to look at Visa & Mastercard that just reached $30B settlement in swipe fee battle (what it’s all about, what will change & why it’s not over yet + some deeper dives into both Visa & MC), and Qonto that has expanded its business banking offerings with "Pay Later" (the USP & why it matters + a bonus read on Qonto and how it’s dominating the FinTech space). Let’s just jump straight into the interesting stuff 🌶

Visa and Mastercard reach $30 billion settlement in swipe fee battle, but it’s far from over 😤

The BIG News 🗞️ Credit card giants Visa V 0.00%↑ and Mastercard MA 0.00%↑ have agreed to a landmark $30 billion settlement with US merchants over swipe fees, resolving a nearly 20-year legal dispute.

Let’s take a deeper dive into this to see why (or if?) it matters.