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India leads in faster payments due to the rapid growth of the Unified Payments Interface (UPI), which has become the world's largest retail fast payment system. The IMF Fintech Note highlights UPI's open and interoperable nature as key to its success, leading to a decline in cash usage.
Rohit Jawa will step down as CEO and MD on July 31, 2025 to pursue the next chapter in his personal and professional journey, the company said in a filing.
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