🚀 Medial just raised $500k in Pre-Series A. Tap to read the announcement. 🎉
Login

Back to feeds

Vedant SD

Stealth • 2m

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 population and growing middle class offer a vast market potential for digital payments. Key Trends: * Unified Payments Interface (UPI): UPI has emerged as the most popular digital payment method in India, enabling instant peer-to-peer and person-to-merchant transactions. * Mobile Wallets: Mobile wallets like Paytm, PhonePe, and Google Pay have gained widespread adoption, offering a convenient way to make payments. * QR Codes: QR codes have become ubiquitous in India, allowing for contactless payments at various merchants. Government Initiatives: * Digital India Mission: * Demonetization: * Financial Inclusion: Challenges and Opportunities: * Internet Penetration: * Digital Literacy: * Security Concerns:

7 replies9 likes
2
Replies (7)

More like this

Recommendations from Medial

Image Description
Image Description

Vedant SD

Stealth • 2m

The Future of Fintech in India India's fintech sector has experienced rapid growth, driven by technological advancements, increasing smartphone penetration, and government initiatives. The country's large population and diverse demographics offer a s

See More
6 replies3 likes
Image Description
Image Description

Jaswanth Jegan

Stealth • 6m

Do you people use digital wallets?I don’t personally see any benefits of using it over UPI. Correct me if I’m wrong

22 replies9 likes
2

Mahendra Lochhab

Stealth • 4m

As of January 2024, the Unified Payments Interface (UPI) had over 452 million active users in India.

0 replies3 likes
Image Description

pintu singh Rajput

Stealth • 3m

The Man Who Revolutionised Digital Payments In India! https://vrstube.xyz/v/kLqOos

1 replies1 like

Mahendra Lochhab

Stealth • 6m

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.

0 replies5 likes
1
Image Description
Image Description

Yash

Stealth • 4m

Online Payments and UPI is So Successful in India that Vendors asks us to Please Give some Cash also ...

12 replies5 likes

Mahendra Lochhab

Stealth • 3m

Digital payments are growing: In FY 2023-24, digital payments in India were valued at Rs. 2,428 lakh crores, up from Rs. 1,370 lakh crores in FY 2017-18.

0 replies4 likes
Image Description
Image Description

BigLoot IN

Stealth • 1m

Indian Banks Are Shutting Down ATM Machines Because of UPI and Digital Payments 4000 ATM Machines Closed in Last 1 Year Cash Circulation in India is Still At All Time Record High of Over ₹34.70 Lakh Crore India Has Only 15 ATMs For 1 Lakh People

5 replies4 likes
Image Description
Image Description

Vedant SD

Stealth • 2m

The Rise of EdTech in India India's edtech sector has witnessed significant growth in recent years, driven by increased internet penetration, rising demand for quality education, and government initiatives. The country's large population and diverse

See More
6 replies1 like
1
Image Description
Image Description

Jaswanth Jegan

Stealth • 8m

I’m curious to know what happens if Indian Government orders every Mobile Phone manufacturers to pre install Indus Appstore for every single mobile phone sold in India

43 replies25 likes
4

Download the medial app to read full posts, comements and news.