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In case you are not aware, UPI is basically a rebranded IMPS with Venmo style of address. Until UPI actually works internationally it is still a domestic paymen
by villgax 3y ago
In case you are not aware, UPI is basically a rebranded IMPS with Venmo style of address. Until UPI actually works internationally it is still a domestic payment system.
- nooby12345 3y agoWho built the IMPS?
- villgax 3y agoTechnically based off the same network as ATMs by IDRBT, https://en.m.wikipedia.org/wiki/Institute_for_Development_and_Research_in_Banking_Technology https://en.m.wikipedia.org/wiki/Institute_for_Development_an... Unified Payments Interface is built on top of IMPS, with the key architectural work done by the Mobile Payments Forum of India, IIT Madras and IDRBT It is managed by the National Payments Corporation of India (NPCI) and is built upon the existing National Financial Switch network.
- hestefisk 3y agoSingapore’s PayNow interfaces with UPI as well as PromptPay (Thailand). It’s only a matter of time before these payment rails get interconnected and SWIFT is history.