In this episode, we discuss the Unified Payments Interface (UPI), India’s ubiquitous digital payments system that recently crossed 2 billion transactions in a month.
Joining us in this discussion are Deepak Abbot, Co-founder of indiagold and former head of Product and Growth @ Paytm – India’s most valued payments company, and Nikhil Kumar, Co-founder of Setu and former Head of the Developer Ecosystem for India Stack (iSPIRT Foundation). Nikhil describes the conception of UPI in 2016 and its vision then, Deepak speaks about UPI’s growth on the P2P (People to People) and P2M (People to Merchant) fronts and how UPI impacted the payments industry. Nikhil and Deepak then discuss policy and regulation, how banks have responded to this innovation, and interesting use cases that would expand the scope and impact of UPI. We end the podcast with a vision for the future on how we can spur similar innovation in other important axes to accelerate the country’s progress.
This is a fascinating discussion on perhaps, the most impactful innovation India has produced in the last decade from two people who have had a ringside view of its growth! The podcast is available on YouTube, Apple, Google, Spotify, Breaker, Stitcher, and other popular platforms. If you like this episode, then please rate, subscribe and share! For more information, do check out www.bharatvaarta.in.