Read More

@ Inc42

UPI will dominate 59% of the payments by 2024 - 25

The government’s real-time payments system Unified Payments Interface (UPI) has continued to grow in terms of number and value of transactions and is expected to dominate 59% of the total payments by 2024-25, thereby reducing the role of cash. It is being reported that the change in the payments landscape is a result of innovation coupled with the government and the banking regulator’s attempt to move to a ‘less-cash economy’. The report further said that ATM transactions which are highest currently will get reduced to 5% of total transactions over next few years.

Post Your Vote

Signup Now