The future of VISA/Mastercard

I recently bought something on eBay and noticed that one of the payment options was **"pay directly via bank transfer."** After selecting it, a bank selector appeared. I chose my bank, opened my banking app, and confirmed the transaction. This wasn’t my first time using this method; I remember doing something similar when buying a plane ticket from Ryanair. I believe this standard is called **"Open Banking."** While this is the norm in the UK, other countries are developing similar solutions: Spain has **Bizum**, Germany is adopting **Wero**, and Brazil uses **PIX**. Even though I’m not a fan of having so many different payment standards, I can see the appeal. Visa is often expensive and slow, creating a genuine demand for alternative competitors in the market. I have my doubts about the long-term future of Visa, as these competitors will eventually capture significant portions of their market share.