BNZ and KiwiBank are both telling customers that they will be getting new Visa brand credit cards to replace their MasterCard branded cards
KiwiBank I know about from personal experience: I got an email saying "<name>, your Visa will be on its way soon ... We're changing our credit cards from Mastercard to Visa"
What is going on?
Why are these big banks apparently happy to piss off customers, not something they usually do for no reason?
Yes, I know the answer is broadly "money", but what are the specifics at work here?
Incidentally I found an old GZ thread from 2017 why is anz changing from mastercard to visa?
Does this mean that MasterCard is now pretty much out of the NZ market?