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RBI is trying to change payments in India, again

The past five years have seen dramatic shifts in the way money changes hands in India. Earlier this week, the Reserve Bank of India signalled that the end is far from near. On Monday, RBI set the digital payments world abuzz with the announcement of a “Draft Framework for authorisation of a pan-India New Umbrella Entity (NUE) for Retail Payment Systems”. That is a bit of a mouthful, but in […]

Cover image by rupixen.com on Unsplash.
Graphics by Pranav S.

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