Satakarni_bali Posted July 16, 2021 Report Share Posted July 16, 2021 https://www.reuters.com/world/india/indias-reserve-bank-bans-mastercard-issuing-new-cards-india-2021-07-14/ Quote Link to comment Share on other sites More sharing options...
pakeer_saab Posted July 16, 2021 Report Share Posted July 16, 2021 16 minutes ago, Satakarni_bali said: https://www.reuters.com/world/india/indias-reserve-bank-bans-mastercard-issuing-new-cards-india-2021-07-14/ well done India finally, those who don't follow rules need to be thrown out Quote Link to comment Share on other sites More sharing options...
csrcsr Posted July 16, 2021 Report Share Posted July 16, 2021 on good thing is they are projecting and encouraging rupay to cut down visa and master monopoly Quote Link to comment Share on other sites More sharing options...
jawaani_jaaneman Posted July 16, 2021 Report Share Posted July 16, 2021 It was Amex first, now MasterCard. Sovereignty is above everything. Quote Link to comment Share on other sites More sharing options...
Popular Post JackSeal Posted July 16, 2021 Popular Post Report Share Posted July 16, 2021 10 minutes ago, csrcsr said: on good thing is they are projecting and encouraging rupay to cut down visa and master monopoly Thanks to Manmohan and UPA govt for coming up with Rupay … 1 2 Quote Link to comment Share on other sites More sharing options...
csrcsr Posted July 16, 2021 Report Share Posted July 16, 2021 33 minutes ago, jawaani_jaaneman said: It was Amex first, now MasterCard. Sovereignty is above everything. Its best ann these card netwroks dont add any value just monopoly with issuers and acquirerers (banks) thats good thing initially theyr educed the interchange fee too Quote Link to comment Share on other sites More sharing options...
csrcsr Posted July 16, 2021 Report Share Posted July 16, 2021 27 minutes ago, JackSeal said: Thanks to Manmohan and UPA govt for coming up with Rupay … Also the legacy has been continued with UPI too Quote Link to comment Share on other sites More sharing options...
jawaani_jaaneman Posted July 16, 2021 Report Share Posted July 16, 2021 15 minutes ago, csrcsr said: Its best ann these card netwroks dont add any value just monopoly with issuers and acquirerers (banks) thats good thing initially theyr educed the interchange fee too Initial states la India didn’t have the exposure to payment systems neither enough card users for private players and banks to invest billions into developing home grown systems. Things are changing with increased use of such Services and monopoly will cease to exist, in fact India will probably have a dozen such major players and hundreds of local players in the days to come. Quote Link to comment Share on other sites More sharing options...
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