How is Winvesta authorized to enable UPI and netbanking based funding for you?
Winvesta is participating in the Reserve Bank of India's (“RBI's”) Second Cohort of the Regulatory Sandbox in collaboration with Cashfree Payments India Pvt. Ltd. This exercise will enable Indian customers to purchase securities listed on foreign exchanges by utilizing local payment methods such as UPI and netbanking. This integration will enable our clients to use UPI to remit money. It's a trial run wherein Cashfree has received approval from RBI to commence testing in collaboration with a partner bank.