Challenge 2025 | World Council of Credit Unions
The world has witnessed the steady progress of digitization starting back in the 1990s. Technologies like MICR, ATM, credit and debit cards were followed later by digital wallets, prepaid cards and recharge vouchers. The progression of these new technologies and innovations supported the growth of the payments industry. With the rise of fintechs, we have seen even more innovative solutions and methods to transact digitally through initiatives like UPI—a first of its kind platform. UPI, which stands for Unified Payments Interface, is a creation of the National Payment Corporation of India (N...
Source: woccu.org