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Month: February 2019

Behemoth of digital payments: UPI

Behemoth of digital payments: UPI

The UPI ecosystem after getting launched in 2016, has made a tremendous upsurge in numbers both in value & volume. Demonetization coupled with a sleek and easy to use interface had led UPI numbers to cross Rs 1 trillion mark. While the card transactions (both in value and volume) remained stagnant, they are still three times greater than UPI. UPI 2.0, which has been launched by NPCI, covers more use-cases than the current version. Some of the features of UPI…

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