Indian fintech is fast, furious â and problematicÂ
Three fundamental sources of infirmity need fixing. First, the KYC process using Aadhaar must be made credible and secure. Second, since most UPI transactions are free, traditional lenders have little incentive to shorten their technology-upgrade cycle. Third, the monopoly of the National Payments Corporation of India, which runs the UPI, must end. As long as the countryâs preferred system for moving money online is devoid of fair charges â and free from competition, there are great risks
from Moneycontrol Economy News https://www.moneycontrol.com/news/economy/indian-fintech-is-fast-furious-âproblematic _17470811.html
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from Moneycontrol Economy News https://www.moneycontrol.com/news/economy/indian-fintech-is-fast-furious-âproblematic _17470811.html
via IFTTT
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