Indian rival in works to get swipe at Visa, MasterCard

The idea was born after the central bank released a vision document in 2005 containing

a proposal to set up an umbrella institution for all retail payment systems in the country. Currently, the organisation is headed by AP Hota, chief general manager with the RBI.

Indian rival in works to get swipe at Visa, MasterCard

By: Bhavana Jhingan

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