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Once implemented, users of both UPI and NPI will be able to conduct instant and low-cost fund transfers between the two countries, fostering greater financial inclusivity and efficiency.
The article analyzes the emergence of Faster Payment Systems as a global trend changing the payment landscape and habits and predicts their perspective.
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The impact of DPI goes beyond inclusive finance, to supporting health, education, and sustainability, says the foreward of the document `G20 policy recommendations for advancing financial inclusion and productivity gains through DPI'.
Key developments of interest over the last month include: Germany’s Ministry of Finance asking industry groups for feedback on the EU PSD3/PSR legislative proposals; the UK Payment...