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Home » Visa’s RuPay worries
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Visa’s RuPay worries

News DeskBy News Desk30 November 2021Updated:30 November 2021No Comments1 Min Read
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Visa Inc has complained to the US government against India’s RuPay preference. It says India’s “informal and formal” promotion of  RuPay hurts Visa in a key market.

Visa Inc’s concerns

In public, Visa has downplayed concerns about the rise of RuPay, promoted by the Indian government. Visa raised concerns about a “level playing field” in India in a meeting held on August 9.

The meeting was between US Trade Representative (USTR) Katherine Tai and company executives. Meanwhile, Mastercard Inc has raised similar concerns privately with the USTR.

RuPay accounted for 63% of India’s 952 million debit and credit cards as of November.  

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