UPI

Why is UPI not in the USA?

UPI, India's unified payment system, is available in the U.S. for sending money to India through various banking apps. However, the U.S. lacks a unified, domestic system comparable to UPI due to its fragmented payment infrastructure. Banks and private companies currently profit from transaction fees, which a free, instant system like UPI would eliminate. The US payment landscape involves multiple systems that lack full interoperability.

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