Quote on Monetary Policy by Jose Thattil, CEO, Phi Commerce
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Below the Quote on Monetary Policy by Jose Thattil, CEO, Phi Commerce
"RBI’s initiative to set up a network-level intelligence platform with real-time data sharing across the digital payments ecosystem will surely help mitigate fraudulent digital payment transactions. Led by Mr. A P Hota, with his years of experience, this initiative will enhance security and further boost user confidence in digital payments.
Further, UPI Lite, a popular tool for individuals for making pin-less small payments, will now come under the e-mandate framework by way of which customers need not manually add funds once their wallets run dry. An option to automatically replenish your UPI Lite wallet will be quite beneficial to individuals.These measures will drive multi-fold growth in UPI led transactions" said Jose Thatiil, chief executive officer, Phi Commerce."
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