Stratrix

Company profile

Not an SEC registrant — the context below is drawn from our coverage.

Type
Company
Analyses
1
Angles
Moat & Competition

The analyses

The Moat Anatomy · Moat & Competition
Visa and Mastercard Collected Over $111 Billion in 2024 — and Merchants Have No Third Road
We call them competitors. They collected more than $111 billion in credit interchange fees in 2024 - from merchants who can't negotiate either one away. The real moat isn't market share over each other. It's that there's no third road.
8 min