Tech1 min read

The road to 2047 runs through UPI

UPI began as a solution to India’s fragmented payments system. A decade later, it is expanding formal finance, enabling new credit models and laying infrastructure for the digital economy of 2047.

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The News Flicker

The road to 2047 runs through UPI

UPI began as a solution to India’s fragmented payments system. A decade later, it is expanding formal finance, enabling new credit models and laying infrastructure for the digital economy of 2047.

Ten years ago, a payments protocol went live across twenty-one banks with little fanfare and a first-month tally of just 373 transactions. Today, that same system, the Unified Payments Interface (UPI…

Originally published by Livemint. Read the full article →

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