To challenge Visa and Mastercard, India is pushing homegrown card network RuPay with its exclusive use of UPI, which handles 13B+ real-time transactions monthly
Manish Singh / TechCrunch : X: @refsrc and @refsrc . Forums: Slashdot X: Manish Singh / @refsrc : India's UPI is fueling the growth of homegrown card network RuPay RuPay is powering almost a third of all credit card transactions “Assuming UPI linkage remains exclusive for RuPay cards, RuPay is likely to emerge as the dominant network” - Bernstein https://techcrunch.com/... [image] Manish Singh / @refsrc : The growth of RuPay comes at a time when regulators around the globe are broadening scrutiny on Visa and Mastercard over merchant fees. Forums: Msmash / Slashdot : India's Payments Push is Cutting Out Visa and Mastercard