@Jolly said in Priceless:
Is there money in it for the Chinese?
The CCP may care more about leveraging this development to achieve their geopolitical goals, whatever they are, more than they care about making money from running bankcard transactions for Russia. Not that I know for sure, it just looks to me that with Russian‘s comparatively small economy, the money from running Russia’s bankcard operations would be negligible compared to China‘s own economy.
This Visa/MasterCard boycott is yet another market tool that, while may be effective at punishing an economically weak Russia, may not be effective at all if you try to do that same against China — it will be much more costly for Visa/MasterCard to give up revenues from their operations in China, and China has its own payment card networks that are more popular than Visa/MasterCard anyway.