1. Visa (17,559m USD average daily transaction volume) / 2. MasterCard (9,863m USD) / 3. China Union Pay (7,562m USD) / 4. American Express (2,434m) / 5. Discover (438m) / Source: Coinometrics
Lack of awareness, outdated ATMs and less-secure cards make the country an easy target for criminal gangs. Could the rise in fraud cases deter Indians from endorsing their leader's cashless pitch?
Payments firm Visa has said it is "operating at close to normal levels" after a service disruption in Europe blocked transactions and left some customers unable to use their cards.
Global card companies Visa and Mastercard are struggling for consumers and market share over India's homegrown payment channels. Has swiping a card become outdated in the world's most innovative payments market?
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