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The Economic Times
The Economic Times

UPI no challenge to Mastercard, has expanded digital payments: Exec

Mastercard sees the Unified Payments Interface (UPI) as a complement rather than a competitor, with the homegrown payment system helping expand India's digital payments ecosystem, ANI reported on Thursday, citing the company's India head Gautam Aggarwal.

Speaking on the sidelines of the 3rd India International FinTech Festival 2026 organised by ASSOCHAM, Aggarwal said UPI has helped educate consumers about digital payments and expanded the overall market.

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