As UPI gears up for global markets, Indian fintechs smell opportunity

Indian fintechs have already started getting enquires from other developing economies to customize UPI for them. Expect UPI launch by April 2020

While Unified Payments Interface (UPI) is all set to test international markets, Indian fintechs working in and around UPI are looking at it as a great growth opportunity.

Few of the fintechs have already started getting queries from international banks, financial institutions and governments. Most of the queries are coming from Singapore, UAE, China, Africa, Egypt, Nigeria, Sri Lanka, Philippines, Bangladesh and South East Asian countries.

Market players believe that any economy which does not have a strong card and net banking network will be open to the person to person (P2P) or account to account transfer technology of UPI.