UPI: Jewel amongst India’s Fintech Innovation
Significance/Achievements
- Large Scale Adoption: UPI has been widely adopted throughout the nation. With millions of users and a sizable network of partner banks and payment service providers, it has grown to be one of the most widely used digital payment systems in India.
- Volume of Transaction: UPI's transaction volumes are astounding. In 2022, UPI had an amazing volume of around 74.05 billion transactions with a value of 126 trillion, according to the "India Digital Payments Annual Report."
- Smooth Interoperability: UPI has made it possible for various banks and payment service providers to communicate with one another. As a result, consumers ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economic Development
- 1 Strengthening MSMEs: Challenges & Opportunities
- 2 Need for Reforms in Agricultural Marketing
- 3 Reforming the PDS for Better Nutrition
- 4 Monetary Policy & Poverty Alleviation: Challenges and Suggestions
- 5 Public Debt Management: Challenges and Way Forward
- 6 India's Agri-Subsidy and WTO Norms
- 7 FRBM Act: Fiscal Prudence vs. Contingent Compulsions
- 8 Regulation of Pharma Sector in India
- 9 Indian Discoms: Challenges and Suggestions
- 10 Critical Minerals for India
