Where India’s payments infrastructure goes next ...Middle East

India’s world-leading Unified Payments Interface – the interoperable state-backed digital payments infrastructure that is being mimicked from the Philippines to Brazil – has found its latest use case, and it is a big one: the democratization of e-commerce. One might think that commerce is already as democratized an enterprise as can be: it is, after all, the choice of a buyer to buy from a seller, simple as that. But in truth, up to 60% of Indian e-commerce is split between Amazon and Flipkart, the latter of which is owned by Walmart. Having global players so heavily reflected in the great national bazaar doesn’t sit well with India. And so to the Open Network for Digital Commerc

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Where India’s payments infrastructure goes next ...Middle East

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