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Google writes letter to US Federal Reserve to adopt UPI-like payments mechanism; draws cheers among Indian entrepreneurs

Photo by: Tech2

Unified Payments Interface (UPI), the smartphone-based digital payments mechanism developed by the National Payments Corporation of India (NPCI) has been cited as a major success story worth replication in the United States by technology giant Google in a letter written to the US Federal Reserve Financial Services Committee. In a letter dated 9 November, a copy of which has been seen by Tech2 , Mark...

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