This episode compares India’s Payment Banks with the US GENIUS Act for stablecoin regulation. We explore their shared focus on trust and inclusion, why Payment Banks struggled to scale, and what lessons lawmakers can apply to avoid stifling innovation while keeping financial systems safe and commercially viable.
In this episode, CA Aishwary Gupta of Polygon Labs explores the future of payments in India beyond UPI. He discusses stablecoins, CBDCs, tokenized credit, and programmable money, highlighting India’s potential to lead the next generation of global payment infrastructure. Tune in to hear what 2030’s financial stack might look like.