Reserve Bank of India's (RBI) Governor Shaktikanta Das on May 8 met with the major stakeholders in the UPI ecosystem to discuss potential strategies for further expanding the reach of UPI.
The major stake holders included banks, National Payments Corporation of India (NPCI), third party application providers and technology service providers, the central bank said in a press release.
The stakeholders shared inputs such as strategies for scaling up of UPI infrastructure and expanding products portfolio, challenges being encountered by the ecosystem and innovative solutions for addressing the same, and innovative ideas to integrate potential users into the digital payments ecosystem, the release added.
ALSO READ: 80% of digital payments now come from UPI: RBI GovernorThe meeting was also attended by the deputy governor of the RBI, T. Rabi Sankar.
"The various suggestions received will be examined and suitable action will be initiated in due course by the Reserve Bank," the RBI said.
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