India crudely tries to prevent payments dominance

A WhatsApp-Reliance Jio representative displays key chains with the logo of WhatsApp for distribution during a drive by the two companies to educate users, on the outskirts of Kolkata, India, October 9, 2018. Picture taken October 9, 2018.
Source: REUTERS/Rupak De Chowdhuri
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Private credit’s mass appeal creates new risksTo ward off a China-style duopoly, caps are being imposed on Google, WhatsApp and others. It tilts the playing field in favour of local operators. Keeping a digital infrastructure designed as a public good from turning into an anticompetitive market is a tough balancing act.
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