India's Payments Push is Cutting Out Visa and Mastercard

Slashdot
By msmashJan 10, 2025, 9:07 am163 pts
India's homegrown digital payments ecosystem, anchored by two systems, is challenging Visa and Mastercard's dominance in the world's most populous nation. The backbone is UPI, a nine-year-old bank-to-bank payment network that processes over 13 billion monthly transactions through QR codes and phone numbers,…

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