Visa and Mastercard are said to be looking for partners to establish platforms that would enable retail brands and online merchants to directly tie-up with lenders and provide their customers various payment options, ET reported citing three top industry executives familiar with the matter.
Both the payment companies have talked with major card-issuing local banks on their own networks with product propositions. Visa is also believed to be in discussion with one or more payment gateways for a strategic alliance.
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