{"id":106224,"date":"2024-02-22T10:39:47","date_gmt":"2024-02-22T05:09:47","guid":{"rendered":"http:\/\/finservwealth.com\/indian-fintech-is-fast-furious-ae-and-problematica\/"},"modified":"2024-02-22T10:39:47","modified_gmt":"2024-02-22T05:09:47","slug":"indian-fintech-is-fast-furious-ae-and-problematica","status":"publish","type":"post","link":"https:\/\/finservwealth.com\/hi\/indian-fintech-is-fast-furious-ae-and-problematica\/","title":{"rendered":"Indian fintech is fast, furious \u00e2\u20ac\u201d and problematic\u00c2\u00a0"},"content":{"rendered":"<p> Three fundamental sources of infirmity need fixing. First, the KYC process using Aadhaar must be made credible and secure. Second, since most UPI transactions are free, traditional lenders have little incentive to shorten their technology-upgrade cycle. Third, the monopoly of the National Payments Corporation of India, which runs the UPI, must end. As long as the country\u00e2\u20ac\u2122s preferred system for moving money online is devoid of fair charges \u00e2\u20ac\u201d and free from competition, there are great risks<\/p><div id=\"finse-1555330658\" class=\"finse-content finse-entity-placement\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-9118214110898834\" crossorigin=\"anonymous\"><\/script><ins class=\"adsbygoogle\" style=\"display:block;\" data-ad-client=\"ca-pub-9118214110898834\" \ndata-ad-slot=\"\" \ndata-ad-format=\"auto\"><\/ins>\n<script> \n(adsbygoogle = window.adsbygoogle || []).push({}); \n<\/script>\n<\/div>\n<p><a href=\"https:\/\/www.moneycontrol.com\/news\/economy\/indian-fintech-is-fast-furious-%C3%A2%E2%82%AC%E2%80%9Dproblematic%C3%82%C2%A0_17470811.html\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>\n<p>\u200b\u00a0Three fundamental sources of infirmity need fixing. First, the KYC process using Aadhaar must be made credible and secure. Second, since most UPI transactions are free, traditional lenders have little incentive to shorten their technology-upgrade cycle. Third, the monopoly of the National Payments Corporation of India, which runs the UPI, must end. As long as the country\u00e2\u20ac\u2122s preferred system for moving money online is devoid of fair charges \u00e2\u20ac\u201d and free from competition, there are great risks Three fundamental sources of infirmity need fixing. First, the KYC process using Aadhaar must be made credible and secure. Second, since most UPI transactions are free, traditional lenders have little incentive to shorten their technology-upgrade cycle. Third, the monopoly of the National Payments Corporation of India, which runs the UPI, must end. As long as the country\u00e2\u20ac\u2122s preferred system for moving money online is devoid of fair charges \u00e2\u20ac\u201d and free from competition, there are great risks\u00a0\u00a0Moneycontrol Latest News\u00a0<a href=\"https:\/\/www.moneycontrol.com\/news\/economy\/indian-fintech-is-fast-furious-%C3%A2%E2%82%AC%E2%80%9Dproblematic%C3%82%C2%A0_17470811.html\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a>\u00a0\u00a0<\/p>","protected":false},"excerpt":{"rendered":"<p><!-- wp:html --><\/p>\n<p> Three fundamental sources of infirmity need fixing. First, the KYC process using Aadhaar must be made credible and secure. Second, since most UPI transactions are free, traditional lenders have little incentive to shorten their technology-upgrade cycle. Third, the monopoly of the National Payments Corporation of India, which runs the UPI, must end. As long as the country\u00e2\u20ac\u2122s preferred system for moving money online is devoid of fair charges \u00e2\u20ac\u201d and free from competition, there are great risks<\/p>\n<p><a href=\"https:\/\/www.moneycontrol.com\/news\/economy\/indian-fintech-is-fast-furious-%C3%A2%E2%82%AC%E2%80%9Dproblematic%C3%82%C2%A0_17470811.html\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>\n<p>\u200b\u00a0Three fundamental sources of infirmity need fixing. First, the KYC process using Aadhaar must be made credible and secure. Second, since most UPI transactions are free, traditional lenders have little incentive to shorten their technology-upgrade cycle. Third, the monopoly of the National Payments Corporation of India, which runs the UPI, must end. As long as the country\u00e2\u20ac\u2122s preferred system for moving money online is devoid of fair charges \u00e2\u20ac\u201d and free from competition, there are great risks Three fundamental sources of infirmity need fixing. First, the KYC process using Aadhaar must be made credible and secure. Second, since most UPI transactions are free, traditional lenders have little incentive to shorten their technology-upgrade cycle. Third, the monopoly of the National Payments Corporation of India, which runs the UPI, must end. As long as the country\u00e2\u20ac\u2122s preferred system for moving money online is devoid of fair charges \u00e2\u20ac\u201d and free from competition, there are great risks\u00a0\u00a0Moneycontrol Latest News\u00a0<a href=\"https:\/\/www.moneycontrol.com\/news\/economy\/indian-fintech-is-fast-furious-%C3%A2%E2%82%AC%E2%80%9Dproblematic%C3%82%C2%A0_17470811.html\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a>\u00a0\u00a0<\/p>\n<p><!-- \/wp:html --> Three fundamental sources of infirmity need fixing. First, the KYC process using Aadhaar must be made credible and secure. Second, since most UPI transactions are free, traditional lenders have little incentive to shorten their technology-upgrade cycle. Third, the monopoly of the National Payments Corporation of India, which runs the UPI, must end. As long as the country\u00e2\u20ac\u2122s preferred system for moving money online is devoid of fair charges \u00e2\u20ac\u201d and free from competition, there are great risks<\/p>","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[70],"tags":[],"class_list":["post-106224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news"],"jetpack_featured_media_url":"https:\/\/www.moneycontrol.com\/news_image_files\/2022\/200x200\/d\/digital-india_200.jpg","_links":{"self":[{"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/posts\/106224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/comments?post=106224"}],"version-history":[{"count":0,"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/posts\/106224\/revisions"}],"wp:attachment":[{"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/media?parent=106224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/categories?post=106224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/tags?post=106224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}