However, India's experience with DPI tells a different story—one of innovation, competition, and inclusivity. By providing open-access platforms that are accessible to all, DPI empowers consumers, retailers, startups, and entrepreneurs, leveling the playing field and fostering competition. Far from monopolizing the market, DPI allows smaller players to thrive, creating opportunities for innovation across industries.
Before DPI, markets were dominated by large incumbents that controlled access to digital services, excluding smaller players. The Unified Payments Interface (UPI) disrupted this by democratizing digital payments, reducing transaction costs and allowing small businesses to compete on an equal footing with large firms. This has empowered entrepreneurs to access broader markets and given consumers more choice, reducing dependence on large fintech firms.
Bu hikaye Mint Mumbai dergisinin November 22, 2024 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin November 22, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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