The Indian rupee’s recent plunge has made remittances by Indian expatriates more valuable. The cost of sending money, too, is reportedly likely to fall soon.The National Payments Corporation of India (NPCI), the digital payments enabler and settlement system in India, is planning an alternative to the SWIFT payment system operator used widely for trade and cross-border payments internationally.Linking NPCI’s flagship product, the Unified Payments Interface (UPI), to payment systems in other countries will make the process easier, faster, and more cost-efficient.Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.
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