The staggering success of UPI is well-known by now.
The Prime Minister influenced the growth of UPI and gave us the vision that self-reliant domestic payments systems are important for the country.”
Taking inspiration from the successful ‘UPI model’ is T Koshy, CEO of Open Network for Digital Commerce (ONDC) which aims to break the existing monopolies and duopolies in ecommerce by bringing every player – big or small – on a single, open, and “equal” network.
There was a lot of skepticism as to whether something like this [UPI] can be pulled off,” he says.
It showed us that money is not anyone's private property or a closed loop.
The year also saw a unicorn (start-ups valued over a billion USD) being added every nine days.
Source: BusinessToday
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