China has seen its banks disrupted quite a bit more than over here with things like WeChat or AliPay. All daily transactions are done with them, and even small loans.
UPI in India at least made payment system much better, by forcing banks in the end. So quite different.
In Europe, SEPA is doing something similar to India’s UPI, albeit much slower. Again by forcing banks on a standard, unlike in China.
UPI in India at least made payment system much better, by forcing banks in the end. So quite different.
In Europe, SEPA is doing something similar to India’s UPI, albeit much slower. Again by forcing banks on a standard, unlike in China.