Maestro vs Mastercard and Visa

Cembra Conference Call Notes – July 22nd(!) – Competition from Technology Driven Players, Crowd Lenders – Tailwinds: Still 30% Use Cash, Maestro vs Mastercard and Visa, Retailer Scepticism, Supervisory and Competition Bodies involved

Considering the loss of the Migros Credit Card, August 23rd, 2021 the following statements from the July 22nd, 2021 conf call are noteworthy, useful to remember. Also note that Migros had signalled this competitive renewal weeks and months ago, so it is likely that management of Cembra knew in advance that the loss of this client was a considerable risk. Especially also considering what happend with Coop Credit Card (TopCard…