Visa Inc is open to cooperating with even the National Payments Corp of India (NPCI) as it looks to expand its footprint locally, its executive chairman Alfred Kelly tells Saloni Shukla & MC Govardhana Rangan. Zero merchant charges, while helping enhance digital transactions, are unviable long term, he says.
For long, we had the Visa and MasterCard duopoly; then came NPCI – and the explosion. How do you read that?
Visa’s executive chairman, Alfred Kelly, has said he’s happy to work with the National Payments Corp of India (NPCI) as he looks to expand the company’s footprint in the region. He said the formation of NPCI, RuPay and UPI had been a catalyst, but the aim is to create an even playing field, with all stakeholders working towards their highest level of efficiency.