Narendra Modi using nationalism to promote RuPay, says Mastercard


Mastercard told the United States government in June that Prime Minister Narendra Modi was using nationalism to promote the use of a domestic payments network RuPay, and New Delhi's protectionist policies were hurting foreign payment companies, a document seen by Reuters showed.

Modi has in recent years backed India's homegrown payments network RuPay, whose rise has broken the dominance of US payment giants such as Mastercard and Visa. More than half of India's 1 billion debit and credit cards now go through the RuPay payment.....

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