Dilip Asbe, CEO of the National Payments Corporation of India, emphasizes the role of AI in enhancing the Unified Payment Interface (UPI) ecosystem. He envisions AI facilitating user growth, fraud detection, and credit distribution, while also simplifying onboarding through voice and multilingual solutions.
Asbe notes that the competitive landscape for UPI apps could shift significantly if new entrants establish viable commercial models. The NPCI aims to make its BHIM UPI app a secure alternative in the market, as India continues to expand its digital payment capabilities.