India has begun implementing plans for a centralized electronic payment system and set of APIs designed to encourage the country to transition over to electronic transactions via smartphone and biometric technology, according to a report by Finextra. Initiated by the Reserve Bank of India in 2008, the National Payments Corporation of India has been ordered to consolidate and integrate the country’s many retail payments systems. NPCI recently published its unified payment interface API and technology specifications to be used by
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