Synopsis While homegrown platforms are expected to gain modestly, Visa's superior reward offerings to merchants and the government's zero Merchant Discount Rate (MDR) rule on National Payments Corporation of India (NPCI) is likely to put Visa in an advantageous position. Reuters Smartphone with Mastercard logo is seen in front of displayed stock graph in this illustration taken, July 15, 2021. REUTERS/Dado Ruvic/Illustration The Reserve Bank of India's (RBI) ban on Mastercard is likely to create a near monopoly in India's credit card market, with the US-based card network Visa likely cornering a significant chunk of the new business that earlier went to its global rival.