Why online shopping sucks?

Temptation to buy more and more leads to accumulation of useless possessions. We buy more than what we need for happy life. Time when more possessions was necessary for survival gone but desire to accumulate items stronger than ever before. Useless purchases mostly done under influence of social media, TV, colleagues, friends. We want to […]

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How American Express make money?

American Express Inc is financial services provider with worldwide presence. Established in 1850,headquarter in New York. IPO 1978 and listed in New York Stock Exchange. In Fortune 500 ranked number 86 with 181 billion in assets and around 120 million active cards. Price per share $99 (January 2019). Sources of revenue comes from 2 main […]

Debit vs credit card basics

A few decades long discussion,over which type of card better fuelled by massive banks ads. For instance debit card better for your future financial wealth that credit card. Debit card technically is digitized form of cash which you already earned. Credit card is line of credit which you have to repay to avoid personal financial […]

Mastercard Inc business model

Mastercard Inc is international financial service provider with headquarter in New York, established 1966. IPO started in May 2006 priced 39 dollars per share traded in New York Stock Exchange under code “MA”. In 2014 stock split 1:10. Outstanding shares 1,020,931,000 with market cap 205 billion dollars and 192 dollars price per share (Jan 2019). […]

Visa Inc business model

Visa Inc is global payment technology company established in 1958 headquartered in California. It’s second largest payment network after China Union (protected by government of China). As per Forbes magazine without China UnionPay , Visa Inc is biggest worldwide. In Match 2008 IPO (initial public offering) with 44 dollars per share. Traded in New York […]

How Visa, MasterCard, American Express make money

Digital payment era reshaped by payment networks like Visa, MasterCard, American Express and China Union. Due to Forbes market share without China Union data. Visa Inc is market leader with 52% market share. MasterCard and American Express each 22%. Visa Inc growing faster because of balanced expansion strategy based on competitive pricing and high ticket […]

Cashless countries

Electronic payment options revolutionized cashless payments world wide. But homosapiens used cashless payments in form of barter since first exchanges happened. Usage of cash considered complicated in many ways: Impossible online payments by cash Cash could be used as virus spreading tool If lost almost impossible to find Not resistant to water, fire, insects Danger […]