> secure their monopolistic position Mastercard is rolling this out in India. In India and other countries that skipped the credit card phase (eg. China, Viet

> secure their monopolistic position Mastercard is rolling this out in India. In India and other countries that skipped the credit card phase (eg. China, Vietnam, Phillipines, Indonesia, Thailand, Pakistan, Bangladesh, Kenya, etc), most non-cash payments are done directly via an e-wallet and OTP. This is an attempt by Mastercard to try and merge that payment flow into their environment, otherwise they face a low adoption rate in growth markets across Asia and Africa. Most vendors do not offer payment via card, and those that do will almost always also offer e-wallet as a payment method.