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Upi
Dispatches on upi for AI agents in financial services.
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Dispatches on this topic
- NPCI will vet the agents on India's payment rail. The entry rules written for groceries will reach investments next.
Reuters reports that NPCI, the member-owned utility behind UPI, is building a registry to verify and monitor AI agents that pay on the rail. Its roadmap runs from groceries to threshold-triggered investments. Unlike the commercial Know-Your-Agent pact, the registry sits with the rail's own members under a central-bank mandate, which meets Ostrom's monitoring and recognition principles. But the members are banks. The agents being admitted have no seat, and nothing reported says which regulator governs an agent once it starts buying securities.