India's Payment Infra

2025 Mar 30 See all posts


India's Payment Infra
RBI: bank of banks


Other countries which have slower real-time payment systems, typically don't have fast protocols like UPI or IMPS. There can be multiple reasons for that including - The RBI-equivalent body there didn't push for these innovations + regulatory approach, difficulties in standardising due to factors like different technical capabilities.

It was interesting to see the local payment infra. There are many missing things from here - international transfers (SWIFT etc.), debit/credit cards, and the new boom in stablecoins.