NPCI is really "innovating" payments. UPI and then UPI Lite and now UPI Lite X. That's in addition to IMPS and BBPS which came before. They are listening to feedback and coming up with improvements. My single biggest grudge with UPI was the Rs 5 / 10 transactions in my savings account statement for all the public transport commuting. UPI Lite has been a godsend for me.
One just needs to spend some time in a country outside India to realize how far ahead we are when it comes to payments. Don't even mention VISA/Mastercard or Alipay/WeChat Pay because they are all privately owned for-profit entities. The former also takes a cut out of the merchant's profits and are useless for P2P (peer to peer) payments (e.g. between friends and family).