Yes, MCX probably took advantage of the retailers' deep hatred of the swipe fees they pay to the banks. We had a similar concern about MCX's competitor ISIS (n

Yes, MCX probably took advantage of the retailers' deep hatred of the swipe fees they pay to the banks. We had a similar concern about MCX's competitor ISIS (name later changed to Softcard for obvious reasons) because our finance team feared that it might shift too high of a percentage from Debit transactions to Credit which cost a slightly higher percentage.