Objectives

• Financial Inclusion and Cash displacement
• Sovereign Solution and Multiplier of Economic activity
• Enables Open Banking theme – Drive innovation and Fintech Incubation

Implementation Methodology

• Assessment of the Retail Payment System requirements in other countries
• Availability of UPI protocol and Software post gap assessment and changes, if any
• Know-how, business consulting and market strategy
• Execution plan, deployment services for solution build and hand-over

Modalities of implementation

(Technical, Financial, Operational, Legal, and other aspects) of implementation in other friendly nations)

• Primary Support – Support from Government leaders and administrators
• Technical – IT Readiness for management of biometric and demographic data
• Legal – Information Technology Act, Rules, and Regulations
• Financial – For continuous data and infra management and upgradation
• Other aspects – Public Private Partnership for quick rollout and for sustainability