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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 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)

Yusuf Khan

Stealth • 4m

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

Anonymous 3

Stealth • 4m

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

Stealth • 4m

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

Stealth • 4m

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

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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

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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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Havish Gupta

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In India, we have still not fully adopted contactless payments, while in the US, you can literally pay using just your hand (thanks to biometric technology)

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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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pintu singh Rajput

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

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Yash

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

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Mahendra Lochhab

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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.