India’s Central Bank ends UPI rival project

  • India’s Central Bank has ceased plans for a project that would rival the nation’s Unified Payments Interface.
  • The project had garnered interest from major conglomerates, tech giants, and financial institutions, such as Amazon, Reliance, Facebook, Tata Group, Google, HDFC, and ICICI.
  • The Reserve Bank of India had previously been developing the project.


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