#ZeeBusiness India Must Build Its Own UPI App, Says SBI Report
India Must Build Its Own UPI App, Says SBI Report
According to an SBI report, India’s UPI ecosystem is currently dominated by foreign-owned platforms like PhonePe, Google Pay, and Paytm, raising concerns about data control and innovation. With PhonePe leading in transactions, the report stresses the urgent need for a strong, indigenous UPI app. A fully homegrown solution could safeguard transaction data, ensure innovation tailored to India’s needs, and reduce dependence on global tech giants as digital payments continue to transform the country’s financial landscape.
#UPI #SBIReport #DigitalIndia #Fintech #PhonePe #GooglePay #Paytm #DataSecurity #FinancialIndependence #IndiaUPI
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