India pushes homegrown network to rival Visa, Mastercard in payments

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India pushes homegrown network to rival Visa, Mastercard in payments - Business Standard

Quick Summary:

The FATF, India's central bank and the federal finance ministry did not immediately respond to emails seeking comment.

Government officials raised the issue at an FATF conference in Mumbai this week, two of the sources said, declining to be named because they are not authorised to speak to media.

A final decision would depend on achieving a consensus among FATF member countries after the public consultation period, a third source familiar with the discussions said.