you should seriously look at how "UPI" from india works. its fee-less, offers the same protection and maybe more becuase you have to actively accept/decline pay

you should seriously look at how "UPI" from india works. its fee-less, offers the same protection and maybe more becuase you have to actively accept/decline payment and they can even set up stuff like autopay mandate and all. its tied to your mobile number AND your phone so it "might" not appeal to everyone but still, there are banks who offer it over their internet banking channels so the tech can be used in a browser setting which does help. There is already existing "fraud protection" mandated to banks so its not like the whole "mastercard does that so they need their share". they don't and india is slowly transitioning AWAY from plastic. this is a "gimmick" i suppose because UPI apps already support using your phone authentication to confirm a payment so yeah...... mastercard does not get this data and they want to make it "cool" to lull banks into shoving the cards down their customers' throats