The operator of India’s ubiquitous mobile payments network plans to tap the country’s vast overseas diaspora as a springboard for global expansion, aiming to make the platform a preferred way to transact money across borders.
“Is it possible to get 15-20 markets in the next 10 years’ time? I think that’s a top-level kind of go-to-market approach,” said Dilip Asbe, chief executive officer of the National Payments Corporation of India, which developed the Unified Payments Interface, or UPI. “The way India is self-sufficient on domestic payments, we would like to be as much self-sufficient on cross-border payments as well.”
