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Vedant SD

Finance Geek | Conte... • 5m

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

Replies (7)

Anonymous 3

Hey I am on Medial • 5m

With QR codes everywhere, it’s like a scavenger hunt for payments. Cannot go anywhere without your phone these days to jsut unplug and have a coffee

1 replies

Anonymous 2

Hey I am on Medial • 5m

if only we could also address the digital literacy and security risk wala factor this could very well be adopted even in the last miles of india.

1 replies

Anonymous 1

Hey I am on Medial • 5m

The rise of digital payments in India is so impressive. In terms of tech and innovation we have definitely become a first world country

1 replies

Yusuf Khan

Lets build something... • 5m

Hey Guys, I am searching for a CTO, can anyone suggest some names or any good platforms or ideas for finding one. Startup is about simplifying logistics and SCM sector and its located in Navi Mumbai.

0 replies

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UPI, established by the National Payments Corporation of India (NPCI) in 2016, is the dominant payment platform in India, processing over 75% of the country's retail digital payments.

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Jaswanth Jegan

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

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Mr khan

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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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Mahendra Lochhab

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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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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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