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by SanjayMehta 1123 days ago
The fact that it's public infrastructure and has no transaction fees is the source of much of the negative press.

Both Mastercard and Visa went complaining to the US govt about UPI and RuPay because they foresee their duopoly ending.
2 comments
WeylandYutani 1122 days ago
Yep Americans will tell you it is normal for a company to take 1-2% of every transaction. Don't believe their lies.
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ta7789 1123 days ago
Correct. Public infrastructure can (but not usually is) run at a loss for the welfare of the citizens. That's the whole point of public infrastructure. MasterCard and Visa have been complaining for a _long_ time about this issue as it undercuts their profitability.
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pyuser583 1122 days ago
If they could, Mastercard and Visa would outlaw all currency except pennies.
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