Master Card and Visa are failing, because we have something better in place. BHIM (Bharat Interface for Money) developed by National Payments Corporation of India. - Transferring money from one personal account to any new account (adding a beneficiary account) would take more than 4 hours. - One needs to login each and every time to transfer money. - There is a chance of forgetting password and account being locked o…
> Master Card and Visa are failing, because we have something better in place. Not entirely true, India has made payments cubersome to make a transfer through visa/mc, you need to go through lengthy 3d verification even then some cards are issued with International transaction disabled and there is no way to enable it on those card without changing your card to International debit card. There is no way to purchase an…
Re: US tells India it is mulling caps on H1Bs to deter data rules
#101Granted that some of the regulations are legacy but some have a utility. And what makes you think advanced countries in Europe or the US is playing a fair game. In the case of Huawei, the minute a non-western company challenges the dominance of western companies, free and fair trade goes into a shell. The rules of engagement like that of the WTO were written when countries like India and China were weak, and they were pretty much written by the west to serve themselves. Let us not even pretend it was some kind of charity. Hoping to rewrite it today and thinking that the terms might be better for the west is insane. India unlike China has a long way to go before it can stand US pressure, but bullying a potential partner like India will make the US regret a decade or two from now. Personally I like Trumpistan, I am tiered of pro-western economists literally selling the country piecemeal.