“If we use other cards, the earnings from them go to foreign countries, but in case of RuPay all transactions stay in India.” – Indian Prime Minister Narendra Modi, 2018

Cut to 2020. Once the poster child of the government’s ‘Digital India’ initiative, card network service RuPay is now being discriminated against by banks. Last month, a study a study Indian Institute of Technology Bombay Banks have deliberately moved away from RuPay and promote a card scheme which generates more revenue for them.

AUTHOR

Pranav Balakrishnan

Pranav is one among the fresh graduates who joined from ACJ's Bloomberg programme. Pranav writes about mobility and electric vehicles. He also has keen interest in consumer electronics and telecom.

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