The Reserve Bank of India Governor Shaktikanta Das on Wednesday said that the new trinity of JAM-UPI-ULI will be a revolutionary step forward in India’s digital infrastructure journey.
Das was speaking at the Global Fintech Fest.
Following the revolutionary success of the Unified Payments Interface (UPI) in the retail payments space, Das this week announced the upcoming launch of the Unified Lending Interface (ULI) in ‘due course’ to transform the lending ecosystem of the country.
“We are now focusing on making UPI, RuPay truly global,” the RBI governor said.
He said India’s Fintech sector attracted about $6 billion in last two years.
Expanding financial infrastructure, including cross-border payment system, will be RBI’s focus going forward, he said.(More to come)
Content Source: economictimes.indiatimes.com