UPI LED THE OFFENSIVE. NOW EUROPE IS JOINING THE FIGHT: VISA AND MASTERCARD FACE A NEW CHALLENGE
EXPLAIN IT CLEARLY KNOWLEDGE MADE EASY FOR EVERYONE UPI LED THE OFFENSIVE. NOW EUROPE IS JOINING THE FIGHT: VISA AND MASTERCARD FACE A NEW CHALLENGE From India's payment revolution to Europe's 130-million-user alliance, the battle to control the world's digital payment rails is changing. GLOBAL FINANCE | DIGITAL INFRASTRUCTURE | INDIA'S STRATEGIC FUTURE The next battle in global finance is not simply about moving money. It is about controlling the infrastructure through which money moves. A customer scans a QR code. A payment clears in seconds. A merchant receives the money. The transaction looks ordinary. Behind it lies a system of banks, technology providers, payment networks and rules that determine how commerce operates. For decades, Visa and Mastercard have helped define that system. Their networks connect consumers, banks and merchants across borders, making card payments usable on a global scale...