Aug 25, 2023 9:51 am
Mastercard, Visa phase out credit card partnership with Binance
Odaily Planet Daily News A Binance spokesperson stated that since July, Visa has stopped issuing new co-branded credit cards with Binance in Europe. In addition, Mastercard will end its credit card partnership with Binance, starting September 22, a decision that will affect all four of Mastercard’s and Binance’s co-branded card programs in Argentina, Brazil, Colombia, and Bahrain. Mastercard declined to say why it made the move.
Binance said that less than 1% of users in Latin America and the Middle East will be affected by the decision, while Binance accounts globally are not affected. (Bloomberg)