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UPI can do more tricks among BRICS - The Economic Times
India is championing the integration of the Unified Payments Interface (UPI) for cross-border digital transactions within BRICS countries. This forward-thinking initiative is designed to cut down the hefty costs associated with traditional international money transfers. Preliminary discussions with nations like Brazil indicate promising potential for adoption. However, technical challenges such as backend system compatibility and data flow management present hurdles that need to be addressed.
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