Mastercard Inc's (NYSE: MA) CFO, Sachin Mehra, recently expressed mixed feelings about India's Unified Payments Interface (UPI), a system that has revolutionized digital transactions in the country.
While acknowledging its role in promoting digital transactions, Mehra highlighted the financial strain it imposes on ecosystem participants, including banks and financial institutions.
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UPI, a brainchild of a consortium of banks overseen by the Reserve Bank of India's particular unit, NPCI, has been a game changer ...