Latest News and Articles about UPI
Digital Wallet Surge in Asia: Over 80% of E-commerce Payments, Cash Still Prevalent
Digital Wallet Adoption Surges in Asia as Cash Usage Declines The Asia-Pacific region is witnessing a significant shift towards digital payments, transforming how transactions are conducted. Over the last decade, digital wallet usage has skyrocketed, driven by widespread smartphone adoption, advancements in fintech (financial technology), and the rise of national payment systems that make digital […]
Read MoreIndia’s e-Rupee Faces UPI’s Dominance: Can It Compete?
India’s e-Rupee: A Digital Leap Forward or a Step Behind UPI? India’s e-rupee, launched by the Reserve Bank of India (RBI) with fintech partners MobiKwik and Cred, aims to revolutionize the digital economy, but faces challenges competing with the established Unified Payments Interface (UPI). RBI launches e-rupee with MobiKwik and Cred. E-rupee aims to reduce […]
Read MoreRBI’s Digital Rupee Struggles Against UPI Dominance in India
Is RBI’s Push for Instant Payments Hindering CBDC Adoption? In Mumbai, trying to pay for your chai with the new digital rupee might feel like bringing a knife to a gunfight, as everyone around you swipes their UPI. The Reserve Bank of India (RBI) rolled out its blockchain-based Central Bank Digital Currency (CBDC), the digital […]
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