Visa pushes to make its network interoperable in India

Global card payments major Visa Inc., which has been riding on its closed loop payments network, is now pushing to make its network interoperable, and expand acceptance points to offer a spectrum of digital payment options in India, said a top executive.

Calling it the ‘network-of-networks’ strategy, group country manager of Visa India and South Asia, TR Ramachandran in an interview said that the lines between various payment infrastructures are blurring, and traditional approach of paying through physical cards or betting on network exclusivity, will not future proof money movement in the coming years.