Why has RuPay rattled Visa and MasterCard?

Usage under the Jan Dhan scheme and push by the government for PSU banks to use RuPay have led to a jump in its market share. However, RuPay continues to lag in the credit card market and forms a small share of the volume and value of card transactions in India.

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via IFTTT Usage under the Jan Dhan scheme and push by the government for PSU banks to use RuPay have led to a jump in its market share. However, RuPay continues to lag in the credit card market and forms a small share of the volume and value of card transactions in India. Moneycontrol Latest News Usage under the Jan Dhan scheme and push by the government for PSU banks to use RuPay have led to a jump in its market share. However, RuPay continues to lag in the credit card market and forms a small share of the volume and value of card transactions in India.