India’s Payment System Most Evolved: FIS

A recent payments study from global financial services company FIS highlights India as having the most-evolved payment scheme among the 25 countries surveyed on parameters such as round-the-clock availability, adoption and immediacy of payments. FIS’ fourth edition of the Flavors of Fast survey studied the NPCI’s Immediate Payment Service which makes use of a centralised identification scheme where aliases can be used as an alternative to bank account numbers to simplify the transaction experience.

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