UPI accounted for more than half of the digital transaction in FY 22.

Unified Payments Interface (UPI), the digital payment system that rides on smartphones and increased internet connectivity, has shown a quantum jump and is now a preferred mode of payment. The Economic Survey released on 31st January  said “the progress of UPI has been remarkable”. In the fiscal year ending March […]

Rate this:

How is digital currency different from UPI.

The Reserve Bank of India (RBI) on December 1, 2022, began the much-awaited trial run of India’s first retail central bank digital currency (CBDC) or ‘e-rupee’ in four cities—Mumbai, Delhi, Bengaluru, and Bhubaneswar—through eight participating banks. CBDC is not expected to replace India’s premier instant payment solution, Unified Payment Interface (UPI), instead, […]

Rate this:

How UPI is a financial revolution.

United Payment Interface (UPI), a term unheard or unbelieved until April 2016, but in Modern India, UPI is the flag-bearer of the ongoing Financial Revolution. From a tea vendor selling a Rs 10 Cutting Chai to a showroom with a pricey product range, a large section of our society has […]

Rate this: