Tuesday, April 17, 2007

Banks plan rival to Visa, MasterCard

Banks plan rival to Visa, MasterCard: "Banks plan rival to Visa, MasterCard

Shriya Bubna / Mumbai April 17, 2007

Banks are considering setting up a domestic card payment settlement company, called India Pay, that would rival global payment systems Visa and MasterCard. "

Interesting, I wonder why we paid Visa and Master for domestic transactions.

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