Mastercard CFO Casts Doubt on UPI's Financial Sustainability in India
Portfolio Pulse from Anusuya Lahiri
Mastercard's CFO, Sachin Mehra, has expressed concerns about the financial sustainability of India's Unified Payments Interface (UPI), despite its role in promoting digital transactions. The zero-cost transaction model of UPI has raised concerns about its long-term viability. This has been a concern for global card giants like Mastercard and Visa, who find it challenging to penetrate a market dominated by a cost-effective and government-supported payment system.
October 11, 2023 | 12:49 pm
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NEGATIVE IMPACT
Mastercard's CFO has expressed concerns about the financial sustainability of India's UPI, which could impact the company's ability to penetrate the Indian market.
Mastercard's CFO's concerns about the financial sustainability of UPI could potentially impact the company's ability to penetrate the Indian market. This is due to the dominance of UPI, a cost-effective and government-supported payment system, in the Indian market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Visa may face challenges in penetrating the Indian market due to the dominance of India's UPI, a cost-effective and government-supported payment system.
Visa may face challenges in penetrating the Indian market due to the dominance of UPI, a cost-effective and government-supported payment system. This could potentially impact Visa's growth in the Indian market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70