SBI, NPCI seek ‘Visa power’ for RuPay cards

SBI and other state-run banks are the main issuers of the RuPay card and their worry is that the government decision to scrap the processing charge on transactions with the card would cause them a revenue loss. According to NPCI, this would disincentivise banks to issue RuPay cards and they would instead prefer international rivals of the home-grown payment gateway.

from Banking/Finance-Industry-Economic Times https://ift.tt/36p5n2C