RBI holds meeting with major stakeholders in UPI ecosystem; aims to scale up UPI infrastructure
Editorial Note : The Governor of RBI held a meeting on May 08, 2024, with major stakeholders in UPI ecosystem to discuss potential strategies for further expanding the reach of UPI. The major stakeholders included banks, National Payments Corporation of India (NPCI), third-party application providers, & technology service providers. The stakeholders shared valuable inputs on strategies for scaling UPI infrastructure and expanding products portfolio, challenges encountered by ecosystem and solutions for same