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Yeah, the VISA comparison isn’t apt either. Maybe if VISA had a higher market share. The RBI initiated process to setup a parallel body to NPCI, but that will
by captn3m0 6y ago
Yeah, the VISA comparison isn’t apt either. Maybe if VISA had a higher market share.
The RBI initiated process to setup a parallel body to NPCI, but that will take eons in fintech time.
The non-government status is important because the NPCI fought a case (and won) to keep it out of the ambit of the Right yo Information act. It is an opaque institution with a government granted monopoly that is also simultaneously a cartel of sorts.