Are Ri­vals Com­ing To­gether to De­ceive?

The Economic Times - - Money & Banking -

How of­ten do you see the chiefs of Unilever and P&G, or Ba­jaj and Hero share a com­mon stage for a com­mon cause in­volv­ing their own prod­ucts? A mir­a­cle of that sorts hap­pened re­cently in the fi­nan­cial world. In the dog-eat-dog world of pay­ments, In­dia heads of the se­cre­tive Master­Card, Visa and Amer­i­can Ex­press shared the stage with their poorer cousin NPCI at the launch of Bharat QR for eas­ing dig­i­tal pay­ments. It is a fact that NPCI is giv­ing the rest a run for their money in In­dia. But the truth on why they came to­gether came out soon. RBI deputy gover­nor R Gandhi said, “Of course, un­der our (RBI’s) di­rec­tion.”

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.