RBI's New Card Network Rule for Banks May Sway in Favor of Propane

In 2014, India got its very own card payment network, Rupe. Visa and MasterCard together command 70-80% of the Indian credit card space. But flip to debit cards and you will see that it dominates 65% of the market. In another move that could affect the uptake of Rupe credit cards, RBI put forward a new draft rule that tells banks that they must let customers choose their bank partner. What's stopping customers from picking a choice for international transactions? Maybe people will even support Rupe if there is no threat of failure.