Are Rivals Coming Together to Deceive?
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.”