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Wow! @Google writing to the #Fed to replicate #UPI is a great example of what I once told @tomfriedman at a friend's house in 2008. #TheWorldIsFlat - no, #TheWorldIsUpSideDown & India is showing the way!
Excited & Proud to see the next wave of #IndiaInnovations go to the world!
Excited & Proud to see the next wave of #IndiaInnovations go to the world!
@Google @tomfriedman So what will it take for UPI to become one of India's key exports? I expect there is nothing to be gained in aiming to "license it". Yet, we could proactively propose a global, interoperable payment network on UPI that takes into account inter-country money-transfer regulations.
While nothing stops other countries from copying UPI, if India were to proactively put out the UPI specifications and standards, we would create a great opportunity for countries to clone or better still take solutions from India - this could create a great opportunity.
