> That's what effectively limits the fees on payments. And competition. When India launched its own payment processing gateway and card, branded RuPay, that ch

> That's what effectively limits the fees on payments. And competition. When India launched its own payment processing gateway and card, branded RuPay, that charged 23% lower fees than Mastercard and Visa, they too were forced to drop the exorbitant fees they charged banks and vendors. -> https://www.financialexpress.com/industry/banking-finance/rupay-shines-from-limited-presence-in-2013-to-capturing-half-of-market-now-3-reasons-behind-phenomenal-rise/1378445/ https://www.financialexpress.com/industry/banking-finance/ru... -> https://economictimes.indiatimes.com/small-biz/sme-sector/visa-slashes-fee-on-debit-card-payments/articleshow/64565741.cms https://economictimes.indiatimes.com/small-biz/sme-sector/vi... -> https://economictimes.indiatimes.com/industry/banking/finance/rupay-forces-mastercard-to-call-for-fair-competition/articleshow/49574972.cms https://economictimes.indiatimes.com/industry/banking/financ...