MasterCard has been banned in India 🤯

But it's possibly a good thing for us,

Here is why 👇
Due to a possible data violation, RBI banned MC from issuing new cards.

What does it mean?

Massive adoption of Rupay ( owned by RBI ) and VISA
Btw, MasterCard currently holds 33% market share,

Banks like RBL, Yes bank only issue Mastercard,

Around 40% of Hdfc, Axis issued cards are Mastercards 🤯

The best part?
This will fuel growth for startups like @sliceit_

Which issue internet first, VISA based credit card challengers.

While regular credit cards are notoriously known for hidden charges and 1 month repayment cycle,
slice offers 3 month repayment period with no hidden charges making it a very lucrative option.

Especially without confusing terms like "minimum amount due" 😂
Btw, this ban to me truly sounds like one more atmanirbhar bharat move 😅

What's your take ?

Do you use credit cards?

What kind of credit card do you use and what benefits do you get?

PS : Maybe it's time for me to grab one too

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