{"id":917609,"date":"2025-03-29T07:06:19","date_gmt":"2025-03-29T01:36:19","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=917609"},"modified":"2025-03-29T07:10:29","modified_gmt":"2025-03-29T01:40:29","slug":"india-pushes-homegrown-network-to-rival-visa-mastercard-in-payments","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/03\/29\/india-pushes-homegrown-network-to-rival-visa-mastercard-in-payments\/","title":{"rendered":"India pushes homegrown network to rival Visa, Mastercard in payments"},"content":{"rendered":"<p>India is asking the Financial Action Task Force (FATF), a global money-laundering watchdog, to reduce compliance requirements for cross-border payments made through its homegrown system, several sources familiar with the discussions said. <\/p>\n<p>Launched in 2016, the Unified Payment Interface (UPI) accounted for 83% of India&#8217;s digital payments volume in 2024, up from 34% in 2019, and dominates the domestic retail payments sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India is asking the Financial Action Task Force (FATF), a global money-laundering watchdog, to reduce compliance requirements for cross-border payments made through its homegrown system, several sources familiar with the discussions said. Launched in 2016, the Unified Payment Interface (UPI) accounted for 83% of India&#8217;s digital payments volume in 2024, up from 34% in 2019, and dominates the domestic retail payments sector.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-917609","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/917609","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=917609"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/917609\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=917609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=917609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=917609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}