NPCI's Rai On India's Payments System Outlook

The video discusses the growth of digital transactions, particularly through UPI, and the infrastructure needed to support this growth. It explores various use cases, such as the National Common Mobility Card and credit on UPI. The video also covers UPI's international expansion, including remittances and global tech stack utilization. Innovations like voice-enabled payments are highlighted, along with challenges in cross-border payments, exemplified by the Singapore collaboration. The future of digital payments is discussed, with interest from various countries in adopting UPI.

What challenges are faced in cross-border payments according to the text?

What is the significance of the Indian diaspora in the context of UPI expansion?

How does the text describe the relationship between digital payments and economic growth?