> But does anyone think they can be dethroned? İs it possible? Yes and yes. Lookup RuPay of India. While you're at it, also lookup UPI, also from India. Som

> But does anyone think they can be dethroned? İs it possible? Yes and yes. Lookup RuPay of India. While you're at it, also lookup UPI, also from India. Some details I just read on its Wikipedia page[0]: > NPCI conceived RuPay as an alternative to Mastercard and Visa, while consolidating and integrating various payment systems in India. > ...causing Indian banks to bear the high cost for affiliation and the connection with international card associations schemes like Visa and Mastercard. This results in the need for routing transactions of which domestic account for more than 90%, through a switch located outside the country. And, of course: > Mastercard and Visa have raised concerns with the Office of the United States Trade Representative (USTR) over India promoting the use of RuPay. [0] https://en.m.wikipedia.org/wiki/RuPay https://en.m.wikipedia.org/wiki/RuPay