[adityasaky]

Just to add on:

NPCI is a not-for-profit organization which is a consortium of banks and is promoted by the Reserve Bank of India. And these guys absolutely kill it. I moved from India to the US last year and payments are overall so much more complicated here. I have to download a third party app and even my bank, at least as far as I can tell, doesn't have a straightforward mechanism to transfer money to other people without using Zelle.

NPCI came up with IMPS, which is also what UPI is partially built upon I think. IMPS worked for basically every bank and you could transfer to every other bank instantly, usually via that bank's app or website. UPI almost took it to an IM-ing money level.

[gingabriska]

Not for profit doesn't mean free from outside influences.

[zelon88]

It also doesn't mean that there aren't a few suits at the top collecting insane salaries.

[adityasaky]

I didn't say that?