UPI is the single largest retail payment system in India by volume of transactions. Half of these were small-ticket transactions of below Rs200, says the Economic Survey.
Budget 2022 expectations: Tax incentives to consumers and merchants, clarity on cryptocurrency and ease of doing business, here’s what Fintech industry wants from finance minister Nirmala Sitharaman
Physical wallets were largely replaced by online wallets and QR codes when coronavirus pandemic forced everyone to stay indoors. Due to this, industry players expect the Centre to look at reducing the merchant discount
BharatPe has ramped up the reach of its POS business by 25X to over 250 cities in the last 12 months and since the launch in the second half of 2020, the company has deployed more than 1.25 lakh BharatSwipe machines across offline shops, it added.