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Vedant SD

Finance Geek | Conte... • 9m

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 Replies

Replies (7)

Anonymous 3

Hey I am on Medial • 9m

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 Reply

Anonymous 2

Hey I am on Medial • 9m

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 Reply

Anonymous 1

Hey I am on Medial • 9m

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 Reply

Yusuf Khan

Lets build something... • 9m

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.

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Vedant SD

Finance Geek | Conte... • 8m

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

6 Replies

Mahendra Lochhab

Content creator • 4m

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.

Prog Kanishk Raj
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Medial • 4m

India’s Digital Revolution India is moving fast in digital technology. From UPI payments to 5G networks, everything is becoming smarter. Startups, AI, and blockchain are changing businesses. With government support, India is becoming a global tech l

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Shubham

Digital Marketer • 29d

Is adding UPI deep links in an app (where users can scan existing merchant QR codes, enter amount, and pay via their UPI app) legal, or do I need an RBI license or Payment Aggregator approval for this?

1 Reply

Deep Makhasana

Hey I am on Medial • 3m

Tired of sharing your QR Code or UPI ID manually? Generate a secure UPI payment link in just a few clicks and start receiving payments instantly. Works seamlessly with Google Pay, PhonePe, Paytm, and all UPI apps. https://upi.liveyst.com/

3 Replies

Jaswanth Jegan

Founder-Hexpertify.c... • 1y

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 Replies

RV Dhameliya

Student • 22d

In the last five years, cash withdrawals initially increased but are now declining, while the number of ATMs is steadily decreasing. 1. Cash Withdrawals Growth → Then Fall Growth till 2022–23, now falling. Digital payments like UPI, QR codes, wall

Mr khan

Smart. Sustainable. ... • 6m

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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Vishu Bheda
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Medial • 4m

𝗗𝗮𝘆 𝟰 𝗼𝗳 𝗧𝗵𝗲 𝗜𝗻𝗱𝗶𝗮𝗻 𝗦𝘁𝗮𝗿𝘁𝘂𝗽 𝗪𝗮𝗿 𝗦𝘁𝗼𝗿𝗶𝗲𝘀: 𝗣𝗮𝘆𝘁𝗺 𝘃𝘀. 𝗣𝗵𝗼𝗻𝗲𝗣𝗲 𝘃𝘀. 𝗚𝗼𝗼𝗴𝗹𝗲 𝗣𝗮𝘆 – 𝗧𝗵𝗲 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗪𝗮𝗿 𝗧𝗵𝗮𝘁 𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗲𝗱 𝗜𝗻𝗱𝗶𝗮 𝟮𝟬𝟭𝟲 – 𝗧𝗵𝗲 𝗡𝗶𝗴𝗵�

5 Replies

gray man

I'm just a normal gu... • 3m

The Reserve Bank of India (RBI) has announced that it will soon revise the transaction limits for Unified Payments Interface (UPI) payments made to merchants, also known as person-to-merchant (P2M) transactions. This move is aimed at enhancing the ef