[dddnzzz334]

China has UnionPay and Russia has MIR. Neither comes close to competing with VISA and MasterCard. The thing is that these cards only work domestically and are literally impossible to pay for things online (unless the payment processor specifically caters to your market). Unless RuPay can be used painlessly internationally, it won't be of much use.

[qb]

I don't know about Mir, but UnionPay works just fine internationally in many places, especially in markets that cater(ed) to Chinese tourists many if not most merchants accept it. There's even UnionPay card-issuing banks outside Mainland China, for example in Thailand.

[2Gkashmiri]

yes. my point exactly for these cards working domestically. you imagine if russia or china or india does not have their own cards what would happen "within" that country? their entire infrastructure would collapse if visa/MC decides to quit or are forced to. that is what these locals cards offer. a hedge against american rugpull.