UPI MDR rollout pushed; India’s first quantum computer coming soon
Happy Wednesday! The implementation of MDR on select UPI payments has been deferred beyond Diwali. This and more in today’s ETtech Morning Dispatch.
India's first quantum computer is set to be deployed early next year in Amaravati, Andhra Pradesh, by IBM. The facility, part of IBM's Andhra Pradesh Quantum Valley initiative, will focus on developing practical quantum applications and assisting Indian enterprises in preparing for post-quantum cryptography. While real-world quantum applications are expected to take 3-5 years to materialize, IBM is already working on specific use cases, such as improving predictions for European corporate bond trades using quantum techniques.
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