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UPI-Style Instant Settlement Rails for Cross-Border Remittances

Submitted by INDDN Team · 2 months ago

India's UPI proved real-time, low-cost payments at national scale. Package that same architecture - real-time settlement plus simple merchant/bank APIs - as a white-label product that Gulf and Southeast Asian central banks can license, starting with the India-to-Gulf remittance corridor that already moves tens of billions of dollars a year through much slower, costlier rails.

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2 Comments

Ananya Rao · 2 months ago

This is basically what Wise and Western Union should be worried about. NPCI already has the settlement rails, it's the regulatory piece that's missing.

Vikram Suresh · 2 months ago

Cross-border compliance in each destination country is the real bottleneck here, not the tech.