![RuPay's Rise Heats Up Payments](https://images.assettype.com/fortuneindia%2F2023-07%2Ff31f2796-e25e-49b2-b023-514b82c39afe%2FRupay_2.jpg?rect=0,0,2602,1301&w=300&q=95)
RuPay's Rise Heats Up Payments
It faces a tough challenge though in breaking the bastion of foreign payment networks in both debit and credit cards.
It faces a tough challenge though in breaking the bastion of foreign payment networks in both debit and credit cards.
The RBI had last year imposed restrictions on Amex from on-boarding new domestic customers onto its card network.
Mastercard was the third US card network that was barred by the RBI for non-compliance with the local data storage norms.