UPI or the Unified Payments Interface is a story of the digital payments revolution in India. From 2016 to 2023, UPI is a success story that is being acknowledged and adopted globally. In this week’s episode of TOI Business Bytes, Praveena Rai the Chief Operating Officer of NPCI tells us about the transaction volume and value of UPI, its growing popularity in the country, the road ahead for a “less-cash” economy and the RuPay credit and debit cards. UPI, RuPay and the BHIM app all come under the NPCI or the National Payments Corporation of India.
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