Unlike most existing PISP, PSD2 (Payment Services Directive 2), or 3PPI integrations, Mojaloop’s PISP functionality is integrated directly with the payment hub rather than individual banks. By contrast, GPay India must integrate with each Indian bank before it can offer UPI’s PISP services. This increases its cost and perpetuates the advantages that India’s largest banks hold over smaller financial institutions in the country. via ModusBox

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