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This reminds me a lot of the UPI payment scheme. National Payments Corporation of India has defined the UPI as an interoperable format for payments between bank
by nafey 6y ago
This reminds me a lot of the UPI payment scheme. National Payments Corporation of India has defined the UPI as an interoperable format for payments between bank accounts. It has worked out beautifully in last few years and as someone who has worked extensively with applications around UPI, a common global standard around payments would go a long way to not only enable safer and more seamless payments infrastructure but also act as a countervailing force to the duopoly of VISA and MasterCard.
- ffpip 6y agoUPI is the one thing I consider very well executed by the Indian govt. I'm glad it exists, even though I don't use it much. It seems to be helping every Indian daily.