TLDR Tech / Fintech
UPI, Pix, and the Rise of Public Payment Rails
For many years, digital payment innovation was associated mainly with private networks, card schemes, wallets, apps, banks, processors, and technology platforms. The dominant story was one of private-sector competition: who could build the better checkout, the better wallet, the better merchant solution, or the better consumer experience. That story is still important, but it is no longer complete. Some of the most significant recent payment developments have come from a different direction: public or public-supported payment rails.
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