Why India Leads in Digital Payments
Andreessen Horowitz
SEPTEMBER 21, 2023
Over the past decade, India’s central bank—the Reserve Bank of India (RBI)—has become one of the most proactive regulators in the world, advancing the digitization of payments and financial services at a rapid pace. Aadhaar, the country’s pioneering digital ID system, and UPI, its real-time digital payments system, are largely regarded as models for delivering financial services and social benefits more widely and efficiently.
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