RBI Holds Meeting With Major Stakeholders in UPI Ecosystem; Aims to Scale Up UPI Infrastructure
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- By Chetan Kulasri
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- Last Updated on 10 May, 2024
Latest from Taxmann
Press Release: 2024-2025/268; Dated: 08.05.2024
The Governor of RBI held a meeting on May 08, 2024, with major stakeholders in the UPI ecosystem to discuss potential strategies for further expanding UPI’s reach. The major stakeholders included banks, the National Payments Corporation of India (NPCI), third-party application providers, and technology service providers.
The stakeholders shared valuable inputs and suggestions on strategies for scaling UPI infrastructure and expanding products portfolio, challenges encountered by the ecosystem and innovative solutions for addressing the same. Further, they shared inputs on innovative ideas to integrate potential users into the digital payments ecosystem.
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