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More 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 laun
by sudshekhar 3y ago
More 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?