The global card payment landscape has long been dominated by international card schemes like Visa, Mastercard, and American Express, which process the majority of transactions worldwide. This dominance has prompted many regions to re-evaluate their payment sovereignty
This whitepaper examines the reason behind the rising interest in new domestic payment schemes, the technical requirements to establish such schemes, and the value proposition of an EMV Certificate Authority (EMV CA), particularly Cryptomathic’s Obsidian CA, as the essential cryptographic root of trust for any new payment scheme.