Nishant Joshi

In last con call, you have mentioned that if we do business with Indian companies, we get a margin in range of around 15% to 20%. Whereas for global clients, it could be in range of 30% to 35%, which can reach up to 40% also. And you also have mentioned that the international business would be on a faster growth trajectory. So, do you still stick with it?

So, my second query was, again, related to the same UPI payment system industry. Can you give an outlook to the industry overall? If MDR is introduced, do you see value of transaction and volume of transaction that MDR will be implemented, giving a lower growth trajectory?

Thank you for your view.