Learn what MasterCard said on the complaint of PM Modi from Trump Government
American company MasterCard has told the Trump government because of RuPay's growing popularity that the Modi government is resorting to nationalism to promote its payment network. Learn MasterCard's answer on this issue.
New Delhi: There has been news from the Indian media since Friday that due to the increasing popularity and use of India's indigenous payment network RuPay, American company MasterCard has told the Trump Government that the Modi government will promote its payment network. To support nationalism is taking the support. This claim was made in a report issued by News Agency Reuters. The News Agency also claimed that he had seen the MasterCard complaint document.
However, if the whole report is read, Mastercard's on-record answer is also visible. The News Agency has mentioned it in its report. MasterCard has said in the same report while keeping his side that he fully supports the Government of India's move and is investing heavily in the country. But the company did not make any comment on its note written to the USTR.
First look at MasterCard's complaint letter. MasterCard asked the US Government to propose that the Government of India is promoting illusion about the income generated from Rupee and it is promoting it under a special effort, which should be stopped. According to Reuters, the impact of the Indian payment network on Rupee has been that the dominant status of American card companies like MasterCard and Visa has been reduced. More than half of India's 1 billion debit and credit cards are now working under Rupee Payment System. With this, MasterCard is having a lot of trouble.
Modi government's complaint in USTR
The report claimed that MasterCard wrote to the United States Trade Representative (USTR) on June 21, "The Prime Minister is adding the use of Ruppe card with nationalism and claiming that the use of this card in a way would be to serve the nation. is." In the MasterCard, Vice-President of Global Public Policy, Sahra English wrote in his note, "The effort to promote digital payments by PM Modi was commendable, but the Indian government created a series of protectionist measures for the loss of global companies. American companies are battling for the protectionist policies of the Modi government. "
Also know MasterCard's answer
On the other hand, MasterCard has said in the same report while keeping his side that he fully supports the Government of India's move and is investing heavily in the country. But the company did not make any comment on its note written to the USTR. In the company, Vice-President Sahra English did not respond to any questions of Reuters. It is further reported in the report that the USTR did not respond to any of this. At the same time, it has not been clear whether the US Agency has spoken to the Indian government about the concerns of MasterCard or not. In this regard, Visa has not responded to Reuters' questions. Not only this, the PMO has not received any feedback about this.
New Delhi: There has been news from the Indian media since Friday that due to the increasing popularity and use of India's indigenous payment network RuPay, American company MasterCard has told the Trump Government that the Modi government will promote its payment network. To support nationalism is taking the support. This claim was made in a report issued by News Agency Reuters. The News Agency also claimed that he had seen the MasterCard complaint document.
However, if the whole report is read, Mastercard's on-record answer is also visible. The News Agency has mentioned it in its report. MasterCard has said in the same report while keeping his side that he fully supports the Government of India's move and is investing heavily in the country. But the company did not make any comment on its note written to the USTR.
First look at MasterCard's complaint letter. MasterCard asked the US Government to propose that the Government of India is promoting illusion about the income generated from Rupee and it is promoting it under a special effort, which should be stopped. According to Reuters, the impact of the Indian payment network on Rupee has been that the dominant status of American card companies like MasterCard and Visa has been reduced. More than half of India's 1 billion debit and credit cards are now working under Rupee Payment System. With this, MasterCard is having a lot of trouble.
Modi government's complaint in USTR
The report claimed that MasterCard wrote to the United States Trade Representative (USTR) on June 21, "The Prime Minister is adding the use of Ruppe card with nationalism and claiming that the use of this card in a way would be to serve the nation. is." In the MasterCard, Vice-President of Global Public Policy, Sahra English wrote in his note, "The effort to promote digital payments by PM Modi was commendable, but the Indian government created a series of protectionist measures for the loss of global companies. American companies are battling for the protectionist policies of the Modi government. "
Also know MasterCard's answer
On the other hand, MasterCard has said in the same report while keeping his side that he fully supports the Government of India's move and is investing heavily in the country. But the company did not make any comment on its note written to the USTR. In the company, Vice-President Sahra English did not respond to any questions of Reuters. It is further reported in the report that the USTR did not respond to any of this. At the same time, it has not been clear whether the US Agency has spoken to the Indian government about the concerns of MasterCard or not. In this regard, Visa has not responded to Reuters' questions. Not only this, the PMO has not received any feedback about this.
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