Shark Tank India judge Anupam Mittal has called for leveraging India’s Unified Payments Interface (UPI) to challenge global payment giants like Visa and Mastercard. In a post on X, Mittal ...

India Business News: The Reserve Bank of India (RBI) has directed card networks like Visa and Mastercard to suspend card-based commercial payments made by corporations and ...

The Reserve Bank of India (RBI) has directed Mastercard and Visa to stop making card-based commercial payments for small and large businesses due to concerns over KYC compliance.

The stratospheric growth of UPI is blowing away the credit card industry at large — credit cards’ market share in India’s digital payments fell to 21% in 2024 from 43% in 2018.

India's central bank has asked Visa and Mastercard to stop card-based business-to-business payments such as rents or money transfer to vendors routed through third party fintech firms, according ...