India’s push towards expanding the digital economy offers room for multiple players to grow in the payments ecosystem, said Michael Froman, vice chairman and president, strategic growth at Mastercard.
“Digitisation and expanding the digital economy is good. There is plenty of room for many different types of players in that ecosystem,” Froman, who is a former United States’ G-20 sherpa and in the country to attend the B20 inception meeting here, told. He was responding to a query on whether RuPay and Unified Payments Interface (UPI) were a competition to Mastercard in the country.
Source:
Economic Times
