https://www.taxtmi.com/news?id=49053 An IMF Fintech Note finds that India's interoperable instant payment system has rapidly grown into the world's largest by volume, raising total digital payments relative to cash-use proxies (measured by ATM withdrawals) and reducing reliance on other electronic instruments. The Note links persistent district-level increases in digital transaction values to greater de facto interoperability and advises policymakers to monitor market-concentration risks, use targeted metrics to identify anti-competitive mechanisms, and ensure system design and consultation preserve an open, interoperable, competitive payments ecosystem. en-us Thu, 10 Jul 2025 20:01:05 +0530 Thu, 10 Jul 2025 20:01:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=49053 An IMF Fintech Note finds that India's interoperable instant payment system has rapidly grown into the world's largest by volume, raising total digital payments relative to cash-use proxies (measured by ATM withdrawals) and reducing reliance on other electronic instruments. The Note links persistent district-level increases in digital transaction values to greater de facto interoperability and advises policymakers to monitor market-concentration risks, use targeted metrics to identify anti-competitive mechanisms, and ensure system design and consultation preserve an open, interoperable, competitive payments ecosystem. News - Thu, 10 Jul 2025 20:01:05 +0530 https://www.taxtmi.com/news?id=49053