UPI Still Has 'lot of Scope' to Grow, Rural and Offline Access Key Challenges: NPCI CTO

The UPI success story: How digital finance reached millions not just in Bharat but globally

India’s digital payments story has become one of the clearest examples of how technology, public policy and mass participation can come together to transform everyday life. What was once considered a technology-driven experiment has now become a routine part of the Indian economy, with shopkeepers, farmers, students, small businesses and street vendors using digital payments within seconds. At the centre of this transformation is the Unified Pay…

UPI Still Has 'lot of Scope' to Grow, Rural and Offline Access Key Challenges: NPCI CTO

Get latest articles and stories on Business at LatestLY. The Unified Payments Interface (UPI) still has significant room to expand, particularly in reaching rural populations and developing offline payment solutions, National Payments Corporation of India (NPCI) Chief Technology Officer Vishal Anand Kanvaty said in an exclusive interaction with ANI on Wednesday. Business News | UPI Still Has 'lot of Scope' to Grow, Rural and Offline Access Key C…

NPCI’s Next Frontier: Tackling Connectivity and Rural Friction in UPI Growth

The Unified Payments Interface (UPI) demonstrates considerable potential for expansion, particularly in targeting rural communities and developing offline payment solutions. Vishal Anand Kanvaty, Chief Technology Officer of the National Payments Corporation of India (NPCI), articulated these insights during a recent interview with ANI in Mumbai on September 9, 2023. Kanvaty emphasised that despite UPI crossing […]

India Eyes AI-Driven UPI Payments as NPCI Weighs Agent Protocol

India’s digital payments infrastructure presents a sharp contrast. The Unified Payments Interface (UPI) processes 24.51 billion transactions monthly, representing roughly 49% of global real-time payments volume. Yet, the agentic commerce experience—where AI autonomously manages grocery lists or travel bookings—remains confined to experimental pilots. This gap between high-volume payment rails and an autonomous agent economy defines […]

Going from digital rails to global scale is India’s next fintech challenge

Article Summary India has become a global leader in real-time digital payments, with Harshil Mathur highlighting the scale of UPI and India’s public-private model. Razorpay’s Mathur argues that the collaboration between policymakers and private companies in building India’s digital rails is unusual globally. Peak XV’s Mohit Bhatnagar believes India’s startup ecosystem remains at an early stage, despite having created substantial market capitali…