your comparison to Uber eats is utterly laughable. Uber have a brand, Uber have customers, Uber have an appealing offer to merchants. Splitit have none of this and their tech can be replicated by the big boys very,very easily. Uber eats offer choice and there is no logical threat aside from a new start competitor. As explained already, visa and MasterCard could replicate this in a heartbeat (as other banks have already done overseas).
the way you are repeating the same incorrect information, it’s alomst as though you are deliberately trying to mislead. Either that or you have invested in something you don’t understand and are trying to persuade others to do so with your incomplete information.