Aside from its portability and wireless nature

MobiKwik is among the most popular digital payments platforms in India and has seen tremendous growth in user base and transactions ever since the demonetisation of Rs. 500 and Rs. 1000 notes. As stated in my previous article, Mastercard and Visa had revenues of nearly $900 million last year. I will be introducing a variable here. If Mastercard and Visa earned $900 million in revenues, they translated 1.3% of the payment volume into revenues.

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