Fintech Insider Podcast by 11:FS cover image

675. Insights: Is the USA world-beating when it comes to payments?

Fintech Insider Podcast by 11:FS

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Is UPI Really the Same as FedNow?

I was one of the people on the FedNow Advisory Committee with Google that was arguing to adopt really UPI rather than FedNow. It's the exact same thing as the clearinghouse RTP. What was to me fascinating about UPI and I think the adoption numbers that you see in India is they fixed the last mile problem. So we got a net new rail, but it didn't solve the problem of helping the consumer.

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