Can India really overthrow Visa and Mastercard? - Economic Times

The decision by global card firms to boycott Russia over its invasion of Ukraine may amplify nationalist sentiments. But will RuPay ever become a serious alternative? It may take more than patriotism to take on the entrenched payment institutions.

Long before the war in Ukraine, Indias Prime Minister Narendra Modi decided that international card networks could be used as instruments of statecraft and that he should channel the rising economic … [+5011 chars]

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