dilip asbe

The chief of National Payments Corporation of India (NPCI), Dilip Asbe, on Friday emphasised that fintech founders cannot build a long-term business in the space without compliance.Asbe said there are no grey areas in Indian fintech.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Professional Certificate in Product ManagementVisitIndian School of BusinessISB Product ManagementVisitIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk…

The United Payments Interface (UPI) would not have been possible to build if the National Payments Corporation of India (NPCI) were not based in Mumbai, MD and CEO Dilip Asbe said on Sunday at the Mumbai Tech Week.“I don't think it would have been possible to build it (UPI) if it was not in Mumbai because RBI is based out of here and any such infrastructure requires a marathon effort,” Asbe said during a panel discussion with Jay Kotak, co-head of Kotak811 and MN Srinivasu, cofounder and director of Bill Desk.Elevate Your…

There is no need for Indian fintech firms to operate in a grey area as new public infrastructure projects such as Open Credit Enablement Network (OCEN) and Unified Payments Interface (UPI) are providing huge opportunities for founders, said Dilip Asbe, the CEO of the National Payments Corporation of India (NPCI). “When fintechs are small, operate in a grey area and no one comes and asks you to stop... But once you are significant then you will be stopped. There has to be a governance layer if you’re in financial services…

Even as a debate rages about Twitter's decision to charge users for 'blue ticks', the NPCI has pitched its UPI autopay offering to take care of the monthly payments. National Payments Corporation of India (NPCI) managing director and chief executive Dilip Asbe replied to a tweet by billionaire Musk, saying UPI's recurring payments offering already has 7 million users. "No worries, India has UPI AutoPay (7 Mn new approved collection mandates/month) to collect every anytime/month/quarter or yearly as you wish dear Twitter,"…