what’s the difference from Mastercard and Maestro, why these two circuit exits and why Mastercard cards have 16 digits while Maestro have 15? (And respectively Visa from VisaElectron which are the the same but from another company)
In: Economics
I’ve already read this question but it explains why a third party intermediary (like Visa or Mastercard) exist in the first place. https://www.reddit.com/r/explainlikeimfive/comments/4nprmr/eli5_what_role_does_visamastercard_maestro_etc/
I’m more interested in why both companies developed a second brand (Maestro and Visa Electron respectively) and why cards (either debit or credit) have different digits of they are Mastercard vs Maestro.
Furthermore [This](http://www.differencebetween.net/business/finance-business-2/difference-between-maestro-and-mastercard/) explanation which says “Mastercard is for credit cards and Maestro for debit cards” doesn’t hold true as I have different Mastercard cards which are debit cards.
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