US EditionUPI User Base Can More than Double to 1 Billion: RBI Deputy Governor
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UPI user base can expand from 40 crore to 100 core: RBI deputy governor
New Delhi: There is a lot of scope and opportunity for expanding digital payment in the country and UPI has the potential to more than double to 1 billion users from the current base of 400 million, Reserve Bank Deputy Governor T Rabi Sankar said on Tuesday. About 50 per cent of global retail payment transactions are done in India but even then in terms of the number of digital transactions per person, it has to catch up with many advanced econo…
Govt working on to expand overseas presence of UPI: DFS Secretary
New Delhi, Jan 13 (PTI) India is trying to expand the global reach of its homegrown digital payment system UPI to a larger number of countries, especially in East Asia, Financial Services Secretary M Nagaraju said on Tuesday. Unified Payment Interface (UPI) is currently accepted in eight countries -- Bhutan, Singapore, Qatar, Mauritius, Nepal, the UAE, Sri Lanka and France. The acceptability of India's digital payment network overseas enables In…
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