India in talks with regulators globally to leverage digital payments stack: Dilip Asbe

Speaking at the InFinity Forum, National Payments Corporation of India’s CEO Dilip Asbe said that India is reaching out to as many as 50-60 countries to leverage the stack it has built so that it can be used for the public good of the world.

“We are working with the Bank for International Settlements, the world bank, and we are reaching to as many as 50-60 countries, their governments and regulators because we want to leverage the stack that we have built by India so that it can become a public good of the world. We don’t want to monetise this but support the world and improve the livelihoods of people around the world and this would be the contribution of India,” he said.

He said that there has to be a local or domestic stack because every country has its own complexities and diversities. “Whatever growth we see in the country, be it RuPay cards, UPI transactions, Fastag transactions, have been benefited by these three strategic directions of the regulator and the government, which has not been taken by many countries in the world,” he added.