A few years in financial services teaches you one thing faster than anything else: access and adoption are not the same problem. We have built access before. Repeatedly. Jan Dhan opened 500 million accounts. UPI scaled to billions of transactions. Each time, the system got faster, broader, and more connected. And each time, the adoption curve lagged, because the experience didn't keep up with the infrastructure. The Unified Lending Interface (ULI) will face the same test. Whether it passes depends less on the RBI and more on what we fintechs sitting on top of these rails choose to build.
What ULI actually fixes
