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India Pitches FATF To Relax Rules For UPI’s Growth
- India urges FATF to relax compliance mandates for cross-border payments via UPI
- Compliance requirements for UPI hindered by rules exempting payment networks like Visa and Mastercard
- RBI governor suggests making FATF's travel rule technology-neutral
- India aims to take UPI global and increase cross-border payments, putting it in competition with Visa and Mastercard
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