UPI or the Unified Payments Interface has more than 100 Mn active users in India.
As the popularity of UPI has skyrocketed in the past couple of years, LawWiser had a conversation with Atul Juvle, General Counsel, Compliance Officer, and Company Secretary, Schindler India Pvt Ltd, to understand the UPI framework and discuss implications of data privacy.
In this video we explore,
What is UPI?
What is the regulatory framework to control & monitor UPI?
What are the implications of data privacy in the UPI system?
Suggestions to UPI users.