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Govt And RBI’s Support To Fuel Fintech Companies Global Growth: NPCI Chief Dilip Asbe

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Govt And RBI’s Support To Fuel Fintech Companies Global Growth: NPCI Chief Dilip Asbe

India's fintech companies are poised to expand globally with support from the government and the Reserve Bank of India (RBI), says Dilip Asbe, CEO of the National Payments Corporation of India (NPCI). Asbe stressed the importance of Indian fintechs leading the way in setting payment standards before exporting them. He also highlighted the need for investment in this area. Asbe cautioned fintechs about regulatory compliance, advising against developing products without explicit authorization. Currently, NPCI's Unified Payments Interface (UPI) is operational in countries like Sri Lanka, Mauritius, and the UAE, and a potential real-time payment link between the US and India is in the works.

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