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Congratulations on the launch! I presume you need to be licensed to build UPI applications? Curious to learn what this process involves and your experience here
by potamic 3y ago
Congratulations on the launch! I presume you need to be licensed to build UPI applications? Curious to learn what this process involves and your experience here. Do you realistically need connections to be able to get a license?
- sudshekhar 3y agoMore than connections, you need luck and persistance. The process itself is doable. But not easy. These are the steps you'll have to follow if you plan to launch a new UPI app: First, you'll finalize the business plan + team. Second, you'll have to find early investors and backers Third, you'll have to find a banking partner to work with Fourth, you'll have to develop the product Fifth, you'll undergo certifications and audits by RBI approved third parties Sixth, you're app will be tested by officials at the NPCI Seventh, Now you go live Only after step 7, do you get to know if customers will buy your product. Or if the entire effort goes to waste.
- potamic 3y agoThat's interesting, that you have to develop the product upfront before getting a license. Does that mean you also need to get approval/permission for any changes you make on the product going forward?