Unified Payment Interface (UPI), page-37

Thanks Marty for this post. I like this bit. I'm unsure about cross border payments?
Although remittance players are mentioned here.

''It also allows customers to download the UPI app of any bank and consolidate all their bank accounts for transactions.

“UPI will make the payment systems fully interoperable across all payment system players without having silos and closed systems, removing simplicity arbitrage, by enabling one click for two-factor authentication, that some pure-play remittance players have been using. It will also catalyse low-cost, high-volume payments and create a new ecosystem that banks/billers can adopt and offer simpler and instant offering of UPI to their customers,” said Vivek Belgavi, partner - financial services (fintech and technology consulting leader) at PricewaterhouseCoopers.''

Cheers D