The gap between rural and urban spending in India has narrowed significantly over the past decade. This is according to a recent study which found that average monthly per capita consumption expenditure has more than doubled in both rural and urban a
It is all because of upi payments , Ecommerce and greater asscessbility to try new things in life, the gap has narrowed. It's a clear indication of how technology can benefits large sections of society.
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The Reserve Bank of India (RBI) and NPCI International Payments (NIPL) plan to extend the Unified Payments Interface (UPI) to 20 countries by the FY29.
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As of January 2024, the Unified Payments Interface (UPI) had over 452 million active users in India.
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Do you people use digital wallets?I don’t personally see any benefits of using it over UPI.
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Do you know that according to industry estimates, processing UPI transactions costs stakeholders approximately 0.25% of the transaction value. In FY24 alone, these costs amounted to nearly Rs 12,000 crore, with Rs 4,000 crore incurred for transactio