Fragmentation in payment systems is another issue. While UPI has unified payments to a large extent, there are still many different payment options and wallets that people use. Integrating all of these seamlessly into a super app is a complex task.
As of January 2024, the Unified Payments Interface (UPI) had over 452 million active users in India.
0 replies3 likes
Vedant SD
Stealth • 4m
The Rise of Digital Payments in India
India's digital payments landscape has witnessed a remarkable transformation in recent years, driven by government initiatives, technological advancements, and changing consumer behavior. The country's large popu
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.
UPI based payment gateway for developers.
I want to enable UPI payments on my website. Which solution can I use? Paytm, Razorpay, Phonepe required documents proving you are a registered business. But I'm a dev, don't have any registered business. Loo
🚀 We're Building the Future of Payments with Neobiz Payments
At Neobiz Payments, we’re revolutionizing utility services, bill payments, UPI collection, bulk payouts, and software solutions with cutting-edge technology. Our secure and efficient pay
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Arcane
Stealth • 8m
ONE INTERESTING OBSERVATION SERIES
DAY #2
With the surge in digital payments, UPI has become the most popular payment method in India. However, it's also the most targeted by fraudsters. In 2022, UPI accounted for a staggering 55% of all fraud case
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Mr khan
Stealth • 1m
UPI Statistics for December 2024:
Total Transactions: December 2024 mein, UPI ne over 10 billion transactions process kiye, jo pehle ke months ke comparison mein kaafi zyada tha.
Transaction Value: UPI transactions ki total value ₹15 lakh crore (app
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Siddhant Soni
Stealth • 9m
UPI has revolutionised the payment scenerio in India and indeed UPI involved complex tech and India is also giving this technology to other countries like Ghana.
So my question is that, why countries like USA, Japan and other European countries are s