India's digital payments strategy is cutting out Visa and Mastercard(techcrunch.com)

India's digital payments strategy is cutting out Visa and Mastercard

https://techcrunch.com/2025/01/09/india-rupay-upi-payment-push-is-cutting-out-visa-and-mastercard/

1 comments

inadvertent de-risking. Failure of US payments providers to localise to previously low-value Global South markets gave domestic operators a chance to emerge and grow. Having control over your own payments systems is obviously good for national security and national sovereignty rather than be dependent on foreign providers