Indian payments chief thinks AI will be heavily involved in next era of digital payment growth
What's happening
Dilip Asbe, head of India's UPI ecosystem, says AI will play a major role in the next era of digital payment growth and that newer UPI apps could become more competitive if they adopt a viable commercial model. Separately, NPCI is partnering with JP Morgan Payments to enable real-time FX conversion and settlement over UPI, marking a push into real-time cross-border payments. The broader context includes India's drive to expand UPI and RuPay for regional financial integration and the RBI's Payments Vision 2028 roadmap to strengthen the country's digital payments ecosystem.
Why it's trending
Multiple announcements and partnerships (UPI-NPCI-JP Morgan, Payments Vision 2028) plus executive comments on AI are converging to signal the next phase for Indian payments now.
Signal2.5× its usual volume, confirmed across 1 independent source type.
Story volume
Stories per dayAngles you could write
If you think payments scale is just about rails and user growth, you're missing the next battleground: AI-driven commercial models for UPI apps, and incumbents may lose if they ignore it.
+2 more angles for this topic with an account — all it takes is your email.
Original sources6
- JP Morgan Payments and NPCI team up to power real-time FX for cross-border UPI
National Payments Corporation of India is working with JP Morgan Payments to enable real-time currency conversion and settlement of cross-border transactions over the Unified Payments Interface.
FinextraJul 1 - RBI announces its ‘Payments Vision 2028’, outlining roadmap to strengthen & expand India’s rapidly growing digital payments ecosystem | Akashvani NewsNews On AIRJun 30
- India's UPI Chief Sees AI as Key to Next Payment WaveThe Tech BuzzJun 28
+3 more sources for this topic
Create an account to follow the full coverage in the live radar.
More rising in Fintech
- Visa Plans 2,600 Job Cuts With Tech and Product Teams Most AffectedSurging4.7Surging4.7 momentum
- Circle Snaps Up IBM's Blockchain Patents In Move That Could Reshape Digital PaymentsClimbing3.3Climbing3.3 momentum
- X Money Launches with Ambitious Features—and Lingering QuestionsClimbing3.3Climbing3.3 momentum
- Keenai appoints Singapore head for broader push into South East AsiaSteady0.9Steady0.9 momentum
- Rent payment fintech Flexible Finance applies for bank licenseSteady0.9Steady0.9 momentum
- Wise Group shares tank after U.S. bank charter rejected. What’s next for the fintech.Climbing3.3Climbing3.3 momentum