What a load of bull! No UPI is not going to be embraced outside of India. its nothing special. There are far more robust systems in place already also its funny how you use USD for SWIFT and then INR when talking about transactions tgrough UPI. In Reality, EuroZone is coming with its own alternative to SWIFT infact it already exists. UPI on the other hand will also have infrastructral cost in line with SWIFT. It doesn't because its indegenous to India and has minimal to no oversight and regulations. Once moved to other countries it will need to adhere to international and local laws and regulatory practices whch will incur costs and Indian govt cant bankroll it forever. Either way living in the UK and using contactless for years now. I can safely say UPI sucks ass.
What a load of bull! No UPI is not going to be embraced outside of India. its nothing special. There are far more robust systems in place already also its funny how you use USD for SWIFT and then INR when talking about transactions tgrough UPI. In Reality, EuroZone is coming with its own alternative to SWIFT infact it already exists. UPI on the other hand will also have infrastructral cost in line with SWIFT. It doesn't because its indegenous to India and has minimal to no oversight and regulations. Once moved to other countries it will need to adhere to international and local laws and regulatory practices whch will incur costs and Indian govt cant bankroll it forever. Either way living in the UK and using contactless for years now. I can safely say UPI sucks ass.