Visa and Mastercard have suspended their operations in Russia. This decision came after the west has imposed sanctions on Russia for creating a war in Ukraine. Many Indians have now come out and started to praise the effort of the Indian government for creating an indigenous payment system.
The Indian government also faced backlash from the west when Visa approached the congress of the USA. VISA said that India shouldn’t start their own indigenous network of card systems. VISA also said that Indian government was giving more priority to their Indigenous system called Rupay cards.
- 7 Mar 2022