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.
Both to move the participating countries forward and also to enable Indian companies that have invested on UPI based solutions to garner a larger share of global payments business solutions and platforms.
What would a #GobalVPA look like? How about using the country code (so it doesn't get confused with email)
anil@axisbank.91
john@wellsfargo.1
peter@bankname.65
#AbkibaarUPIDuniyaBhar
anil@axisbank.91
john@wellsfargo.1
peter@bankname.65
#AbkibaarUPIDuniyaBhar
Exciting times ahead. What do you think?
Should India *PROACTIVELY* take #UPI global and orchestrate and facilitate the adoption of UPI ? Or should we let market forces decide? Or should we keep it close to ourselves and let the world fragment?
Should India *PROACTIVELY* take #UPI global and orchestrate and facilitate the adoption of UPI ? Or should we let market forces decide? Or should we keep it close to ourselves and let the world fragment?
