UPI transforms person-to-person, business transactions
Indian Bank CEO highlights UPI's impact and global trends at Sibos 2024.
Indian Bank's Managing Director & CEO, S.L. Jain, identified the Unified Payments Interface (UPI) as a transformative force in India's financial industry.
"UPI is the biggest game changer...frictionless, safe on a real-time basis," Jain said, emphasising its role in both person-to-person and business transactions.
At Sibos 2024 in Beijing, Jain expressed excitement about discovering global innovations. "By attending Sibos, we know what is happening throughout the world, and that can be used in India," he added.
Commentary
How alternative data lending is reaching Southeast Asia's unscored MSMEs
Asia is leading payments modernisation and banks can't afford to fall behind
Investing in an inefficient market
Platinum cards, paper-thin compliance?
Energy price volatility highlights structural gaps for managing FX risk in APAC