cryptohunter
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In India, making sure that electronic money institutions (EMIs) and regular banks can work together smoothly is super important for the money system. EMIs have a few tricks up their sleeves to make this happen.
First, following the rules set by big shots like the Reserve Bank of India is a big deal. EMIs need to play by the same rules as everyone else in the money world. This not only makes sure they can work together but also keeps everything safe and transparent.
EMIs join forces with regular banks through partnerships and alliances. This helps them share what they know and have, making the money world work well together. One cool example is the Unified Payments Interface (UPI) in India, where different money players use a common platform to interact without any hiccups.
First, following the rules set by big shots like the Reserve Bank of India is a big deal. EMIs need to play by the same rules as everyone else in the money world. This not only makes sure they can work together but also keeps everything safe and transparent.
EMIs join forces with regular banks through partnerships and alliances. This helps them share what they know and have, making the money world work well together. One cool example is the Unified Payments Interface (UPI) in India, where different money players use a common platform to interact without any hiccups.
