UPI powers India’s digital transactions. RBI’s eRupee is compelling but must argue retail use: The Print

(This Article First Appeared In The Print On November 4, 2022)

  • The Unified Payments Interface — India’s instant and interoperable retail payment system — clocked yet another record high in October this year at 7.3 billion transactions amounting to Rs 12.11 trillion. With growth rates of nearly 85 per cent by volume and 67.85 per cent by value over the previous year, UPI continues to lead the country’s now-storied leap to digital payments…

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