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UPI Meets IoT: India’s Smart Devices Set to Join the Payments Network

India’s UPI system is about to get a futuristic, yet quietly revolutionary upgrade. The National Payments Corporation of India (NPCI) is developing an IoT-ready version of UPI that will enable smart devices — from refrigerators to connected cars — to autonomously initiate digital payments.   From Smartphones to Smart Devices   Until now, every UPI transaction has required a smartphone …

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