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RBIs mobile wallet interoperability faces few hurdles

RBIs mobile wallet interoperability faces few hurdles

Saturday, March 18, 2017, 11:25 AM

UPI is a platform that allows users to make transactions between their bank account and a third-party bank account instantly through smartphones. Adding a new chapter to the digital payments ecosystem in the country, the Reserve Bank of India (RBI) is planning to allow interoperability between mobile wallets and eventually give them access to Unified Payments Interface (UPI).
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