As card payment re-authorisation deadline nears, a key question: Is UPI the only winner?

India is home to many pathbreaking digital-payment innovations. But not all stakeholders are happy with the regulatory mandates. They say constant policy changes, and the strict deadlines to comply with them, do not favour any player by design but seem to help National Payments Corporation of India (NPCI) products such as RuPay and UPI on the ground.

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