India has done a phenomenal job of getting rid of the mastercard/visa duopoly in India by introducing Rupay. Some people may say it is just another monopoly but

India has done a phenomenal job of getting rid of the mastercard/visa duopoly in India by introducing Rupay. Some people may say it is just another monopoly but being owned by govt has its own perks for both consumers and merchants AND Banks, end of the day everyone wins. They are simplifying and inviting newer technology to spread credit products across India. Just like UPI, Rupay is taking over India like wildfire. US can take a page out of India's technology adoption ( except may be for crypto )