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Re:India built the biggest digital payments miracle: Now com... by SkiFire13 on Tuesday August 18, 2026 @02:19AM (#49341988)
> Whereas if you give other countries the obvious win that they can stop paying ~3% of their entire economy to a foreign payments network

To be fair:

- 3% is on the higher end of the fees amounts. In the EU they are now capped at 0.3% for example

- part of the interchange fee goes to the issuing bank, which is usually local

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