The MoU has three main objectives: expanding the use of UPI payments for international travelers, assisting in creating UPI-like digital payment systems globally, and facilitating cross-border remittances through the UPI infrastructure
As per the report, Initially, the company will function as a distributor for personal loans, gradually establishing its credit underwriting capabilities
The collaboration will aid Google’s new safety initiative, DigiKavach, which aims to safeguard people from increasingly sophisticated financial scams wrought by online criminals
Spice Pay will offer instant prepaid cards, link UPI IDs to wallets for interoperability, and will also solve the challenge of mobile number seeding with the help of eKYC