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UPI becomes India’s most preferred payment option
February 28, 2020
Unified Payment Interface (UPI) is the most preferred payment option in India as compared to debit and credit card use and there is an increase in the transaction of UPI payments every year in India.
India Digital Payments Report 2019 said, “UPI has recorded 1 billion transactions in 2019”.
Transactions worth Rs. 18.36 trillion took place in UPI and nine Banks were added to UPI network in 2019. Aadhaar enabled banking services to have helped UPI network in the last few years.
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