-
How UPI’s Bold Business STRATEGY will KILL VISA and MASTERCARD? : UPI CREDIT LINKING EXPLAINED
On the 8th of June 2022, the Reserve Bank of India officially allowed users to link their credit cards to all UPI platforms. This means within some days if you if own a Rupay credit card and a mobile phone you could make your credit card transactions through your UPI app without using your credit card at all!! And as soon as this announcement happened, it became such a sensation that every single news channel and every single newspaper lauded the NPCI about how revolutionary this move is!! and this move is so big that on one hand, it could redefine the entire credit market of India on the other side, it is a big threat to even Giant companies like VISA and Master card The question is? Why is the UPI linking the Credit card system such a revolution for the people of India? How will it change the lives of people like you me and the 1000s of small businesses all across the country? and most importantly, why is it yet another lethal threat to Giant companies like Visa and Master card!