FOLLOWING the news that Amazon will no longer accept payments from UK-issued Visa credit cards, some industry insiders are convinced the ecommerce giant's decision is calculated to drive adoption of the company's own payment cards, and to advantage Visa's main rival, Mastercard.

Last week, the online retailer confirmed that Visa credit cards issued in the UK will be blocked from use on its site from 19 January due to increased cross-border payment fees post-Brexit.

GlobalData payment analyst Chris Dinga said the decision to ban Visa and not Mastercard "seems odd... until you remember that Mastercard is Amazon's credit card issuing partner."

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